A £5bn contract to run Wales' rail service for the next 15 years has been awarded to two European firms, who will run it jointly. France's Keolis and Spanish-owned Amey's bid triumphed over a rival offer from Hong Kong's MTR commuter railways. It will also drive forward the south Wales Metro in Cardiff and the valleys. The operators said while the changes would not happen overnight Wales' railway 'would be unrecognisable' in five years time. KeolisAmey already runs Greater Manchester Metrolink and London's Docklands Light Railway, among others.
The new French-Spanish operator promises Wales' rail services will be "unrecognisable" in five years time.