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FirstGroup said the Department for Transport had awarded the new West Coast partnership to its joint venture First Trenitalia.
The new partnership would operate from 8 December 2019 and comprised two distinct phases. In the first phase to March 2026, First Trenitalia would operate existing InterCity West Coast services while providing a range of design, development and mobilisation services as shadow operator to the High Speed 2 (HS2) programme.
First Trenitalia would then operate HS2 and the reshaped InterCity West Coast rail services together as an integrated operation in the second phase, from March 2026 until March 2031, under a management contract.
At 8:12am: (LON:FGP) FirstGroup PLC share price was +3.5p at 117p