Go-Ahead group’s stripping of the London Southeastern rail franchise is to cost the business around £81.3 million, the company said.
Bosses revealed they expect to pay the Government £51.3 million over its failures in running the service, which it lost last year, and has put aside £30 million for a possible fine. Around £49.2 million has already been paid.
The chief executive apologised for the problems, as the company identified “serious errors” in the way the franchise was run and over the way it dealt with the Department for Transport.
