McNulty questions leasing VfM

摘要

In one of its three recommendations for obtaining cost reductions from rolling stock, Sir Roy McNulty's final report from the Rail Value for Money Study (pi) calls for improved value for money from the leasing market. In 2008 the Competition Commission completed a 20-month investigation of the ROSCOs following a complaint to ORR from DfT. Overall, the commission (RBI324 pi) cleared the ROSCOs of anti-competitive behaviour, reporting that, in the case of re-leasing at franchise replacement, 'ROSCOs have tended not to increase capital rentals as far as they profitably could - even in the absence of credible alternatives'. The commission attributed this restraint to the ROSCOs taking account of their codes of practice plus 'the fear of the potential for economic regulation'.