The Rolling Stock Leasing Market Investigation Order 2009 and undertakings
An order and undertakings which improve competition and choice in the market for the leasing of rolling stock.
Documents
Details
The order was made and undertakings given under the market investigations provisions of the Enterprise Act 2002.
The Competition Commission’s Rolling Stock Leasing Market Investigation identified that competition in the market for the leasing of rolling stock is restricted by the limited number of alternative fleets available to train operating companies when bidding for rail passenger franchises, high barriers to entry for prospective new leasing companies, and reduced incentives by all parties to compete or negotiate. This order requires rolling stock leasing companies to provide train operating companies with a set list of information when making an Indicative Offer to lease rolling stock to a train operating company, for the purpose of providing franchise passenger rail services in GB.
The order and the undertakings are monitored and enforced by the Office of Rail and Road.