Why all the West Coast bids were wrong [BBC News]

Date: 09/10/2012

I (writes Robert Peston) have learned a bit more about the mistakes made by the Department for Transport in overseeing the contest to win West Coast Main Line rail franchise. As I understand it, the entire bidding process was flawed - and that all four of the bidders were given erroneous information by civil servants when preparing their bids.

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Why all the West Coast bids were wrong
Robert Peston

BBC News article

I have learned that all bidders for the West Coast rail franchise were offering too little protection to protect taxpayers against potential losses, because of flaws in the Department for Transport's financial model.

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