Docklands railway will be privatised
Thursday 27 October 1994
The first stage in the process, a franchising of the operation to a private sector company, will take place in 1996, with a full transfer to the private sector seven years later.
As part of the 'private finance initiative', the Government is also seeking tenders to build an extension of the railway from the Isle of Dogs under the Thames to Lewisham.
Answering a written parliamentary question, Mr Gummer said: 'Through privatisation the Government aims to ensure that the DLR will continue to develop as a highly efficient, customer-oriented and market-driven passenger service to Docklands, with reduced dependence on public subsidy.'
Since its completion in the late 1980s the DLR has suffered a series of breakdowns and has struggled to cope with the numbers of passengers.
It was designed in the early 1980s when plans for the Docklands enterprise zone were focused on light industrial buildings, not the high-density office developments that emerged after the intervention of Olympia & York, the property company of the Canadian Reichmann Brothers.
Ever since it opened, evening and weekend services have been disrupted to enable the line to be upgraded to take more traffic.
The inadequacy of the railway is often cited as a reason for the problems offices in Docklands have had in attracting tenants.
- 1 James Foley 'beheaded': Isis video shows militant with British accent 'execute US journalist' – and warns Obama of more to come
- 2 ALS ice bucket challenge co-founder Corey Griffin drowns aged 27
- 3 Cilla Black defends Cliff Richard: 'I am positive that the allegations are without foundation'
- 4 Nicki Minaj finally releases predictable 'Anaconda' video
- 5 James Foley 'beheading': Met police warn public watching murder video could be criminal offence
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Crisis? What crisis? A visiting US doctor gives the NHS a rave review
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again. It would be immoral to bring it into the world'
Scottish Independence Referendum: Salmond described as 'arrogant, ambitious and dishonest' by Scottish women
iJobs Money & Business
£45000 per annum: Harrington Starr: Quantitative Analyst (Financial Services, ...
Negotiable: Harrington Starr: Application Support Engineer (C++, .NET, VB, Per...
£450 - £600 per day: Harrington Starr: AIFMD Business Analyst / Consultant - I...
£450 - £600 per day: Harrington Starr: Business Analyst Solvency II SME (Pilla...