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Parliamentary debates and questions

S5W-01089: Neil Bibby (West Scotland)

Scottish Labour

Date lodged: 28 June 2016

To ask the Scottish Government what information it has on the projected profit that Abellio expects to make (a) each year and (b) in total from the ScotRail franchise agreement, and whether a (i) minimum and (ii) maximum level has been set under the terms of the agreement.

Answered by: Humza Yousaf 15 July 2016

Due to commercial confidentiality these values cannot be currently disclosed. Earnings before income tax information is disclosed within the published ScotRail Annual Report and Accounts at Companies House. The financial year 2015-16 latest lodging date is 30 September 2016.

Schedule 8.1 (Section 3) of the franchise agreement details the Revenue Share Adjustment, which limits the proportion of annual revenue above target ScotRail can retain to no more than 50%. A redacted copy of the franchise agreement can be found on Transport Scotland’s website:

http://www.transport.gov.scot/rail/scotrail-franchise/public-register