In theory, it could again launch a tender for the franchise, but this is very unlikely in the current climate, although the current British franchise model was already planned for a general review before the pandemic by the work of the rail williams review to be published. The Wales-Borders franchise is a rail franchise for passenger transport in the UK, currently operated since 14 October 2018 by Keolis and Amey, which are referred to as Transport for Wales. The deductible covers the majority of rail links in Wales, with some links in neighbouring English regions and counties, particularly in the north-west of England, the West Midlands and Gloucestershire. However, this is not a nationalisation of the franchise, but the implementation of the condition of the operator of last resort – with the Welsh government, the legal backstop to ensure the continuity of rail services. Transport for Wales, the Welsh government`s transport arm, keolisAmey – a joint venture between French global transport company Keolis and Spanish infrastructure consultancy Amey – has awarded the 15-year franchise in 2018, the franchise has already released $60 million in emergency aid since March. In order to support rail operators during the first wave of the pandemic, the UK government has replaced the usual franchising agreements (which have not been awarded by devolved administrations) with emergency agreements (EMAs). The six-month EMA meant that operators continued to operate day-to-day services, while the UK government took in revenue and cost risks. EPAs have been replaced by Emergency Measures Agreements (ErMA) (again without decentralised administrations). These ERMAs are a transition to a new rail system, which represents the biggest upheaval in almost a quarter of a century when franchising was introduced. The Agency 3 agreement, the definition agreement, the financing and production agreement and the subcontractor of the operator of the final service agreement were all concluded on 31 May 2018.
The cooperation and cooperation agreement was concluded on 14 June 2018. A new public subsidiary of Transport for Wales will take over the daily rail transport from February 2021. The new agreement will also include a new partnership with existing franchise partners, Keolis and Amey. There will be a new funding and operating model, details of which are being developed.