Franchise payment profiles

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The amounts below show franchise payments year by year expressed in £m in respect of the three franchises that were awarded towards the end of 2005. All three franchises will start in April 2006.

Amounts in brackets are premium payments made to DfT by the franchisee; other amounts are subsidy payments made to the franchisee by DfT. The franchise payments in 2005/2006 prices show the amounts that appear in the Franchise Agreements; the nominal payments are the real figures adjusted for inflation.

Integrated Kent:

Present Value of Nominal Payments:

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

£135.2

£106.1

£89.7

£107.5

£87.0

£49.5

£15.8

(£11.2)

Note the sum of this table is £579.6m and is less than the figure of £585m quoted in the DfT press release of December 05. The figure released in December was the base cost and did not include for contracted options which generate revenue and result in this reduction.

Franchise Payments in 2005/2006 Prices:

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

£139.9

£114.1

£100.3

£126.1

£107.7

£65.2

£24.7

(£9.3)

Greater Western:

Present Value of Nominal Payments:

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

Year 10

£94.6

£42.7

£10.8

(£21.0)

(£98.2)

(£142.7)

(£190.1)

(£237.7)

(£276.1)

(£312.8)

Franchise Payments in 2006/2007 Prices:

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

Year 10

£97.4

£46.7

£14.5

(£20.2)

(£111.0)

(£168.3)

(£233.3)

(£302.2)

(£363.9)

(£427.7)

Thameslink/GN:

Present Value of Nominal Payments:

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

(£13.7)

(£42.0)

(£60.7)

(£74.7)

(£90.5)

(£106.9)

(£122.4)

(£140.7)

(£156.1)

Franchise Payments in 2006/2007 Prices:

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

(£14.1)

(£43.9)

(£65.2)

(£82.7)

(£103.4)

(£126.4)

(£149.8)

(£178.4)

(£205.1)