FirstGroup to Win U.K. West Coast Rail Contract, Telegraph Says

FirstGroup Plc (FGP) will win a 14-year contract to run the U.K.’s West Coast mainline train service, the Sunday Telegraph said, without saying where it got the information.

FirstGroup offered as much as 7 billion pounds ($11 billion) to run the service, outbidding current operator Virgin Trains by about 1 billion pounds, the newspaper said. The Department for Transport is expected to award the contract to FirstGroup this week, according to the report.

The department said in a statement today that a decision on the future of the franchise has not yet been taken and would be made shortly.

To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net

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