The government announced today that it intends to award the Northern rail franchise to Arriva Rail North Ltd. This will see a transformation of rail travel in the North through a £1bn investment programme.
Volterra provided ongoing economics support to Arriva throughout the bidding process. This included a comprehensive ‘backcasting’ review where we examined the suitability of standard industry tools in forecasting rail demand, and used research and statistical analysis to improve the approach. We also forecast the impact of many of Arriva’s proposed improvements on future demand and revenue, and developed a framework for demonstrating the socio-economic benefits of the franchise. Read more about it here.