Franchise payment profiles

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The amounts below show franchise payments year by year expressed in £m.

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 200x/200x prices" show the amounts that appear in the Franchise Agreements; the nominal payments are the real figures adjusted for inflation.

South Western (new franchise: starts February 2007):

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

Year

11

£16.2

£61.2

£23.2

(£36.5)

(£74.4)

(£117.4)

(£160.1)

(£193.9)

(£223.6)

(£250.4)

(£235.2)

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

Year

11

£16.3

£63.6

£25.0

(£40.7)

(£85.8)

(£140.0)

(£197.6)

(£247.9)

(£295.7)

(£342.8)

(£331.5)

Note: year 1 represents the partial year ending 31 March 2007; Year 11 represents the partial year ending 4 February 2017.

Southeastern (franchise started April 2006):

(formerly referred to as 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 2005/2006prices:

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)

First Greater Western (franchise started April 2006):

(formerly referred to as 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)

First Capital Connect (franchise started April 2006):

Formerly known as 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)