PART TWO The financial impact of franchises on taxpayers

> Reasons for the decline in subsidy

Reasons for the decline in subsidy

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Growing passenger demand is the main driver of predicted revenue growth
The Department's approach encourages bidders to maximise their predicted revenue receipts
The Department takes a sensible approach to assessing the realism of the revenue implications of bids
The Department's approach to sharing revenue risk
The need for continued taxpayer funding of rail provision