Arriva Rail London has secured a two-year extension to operate London Overground from Transport for London.
It has operated the concession since 2016, and LO has now recovered to 88% of pre-pandemic journeys. It has also extended services from Gospel Oak to Barking Riverside and introduced four-car trains.
Arriva UK Trains Managing Director David Brown said: ‘We play a significant role in London life, connecting communities and being part of one of the most mature, sophisticated and inter-connected transport networks in the world. With this contract extension we can continue to work in close partnership and deliver innovative and cost-efficient solutions to keep the capital city moving.’
Under the concession model, TfL takes revenue risk while Arriva Rail London receives a fixed payment with adjustments made according to performance.
The contract comes into effect in May 2024, with contracts expected to be signed at the end of July. There is a break option in May 2025, which must be called by 31 August 2023.