MPs told collapse of franchise means government or Virgin could run line in short termThe East Coast rail franchise could be returned to the public sector after the government announced Virgin Trains had breached its £3.3bn contract.The transport secretary told MPs that the London-to-Edinburgh line could again be directly operated by the Department for Transport,less than three years after the route was re-privatised. However, Chris Grayling also held out the opportunity that Virgin would continue to function the service on fresh terms, or despite missing its financial commitments on the current deal.
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Source: guardian.co.uk