Railway operator Keolis in a joint venture partnership with Amey (70:30) has secured the franchise to operate and maintain the Docklands Light Railway in London for the next six and a half years.
The franchise agreement gives the partners responsibility for all train and passenger services across the network, including the maintenance of over 34km of infrastructure, 38 stations, as well as rolling stock.
The franchise will commence in December 2014 and will run until 2021 – with the possibility of extensions.
Mel Ewell, chief executive for Amey, said: “We are delighted that DLRL has selected the joint venture to deliver train and passenger services across this strategic network in London.
“Keolis’ global experience combined with Amey’s UK rail and asset management expertise will deliver a specialist service that provides value and ensures London’s travelling public experiences a reliable and high quality service.”
Serco previously operated the franchise from 1997, which last year generated revenue of £90m