TRAM: British and Australian (American usually streetcar also trolley) noun [C] An electric vehicle that transports people, usually in cities, and goes along metal tracks in the road. (Taken from the Cambridge English Dictionary)
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FIRMS LINE UP FOR NET OPERATING CONTRACT
Nottingham Express Transit – Tuesday 11th September 2007
Major transport firms from across Europe are lining up to bid for the operating contract for the combined Line 1, 2 and 3 Nottingham Express Transit – with the current deal with Arrow Consortium being ripped apart to ensure a single operator is looking after the entire network.
As the Arrow Consortium have a 27 year contract they will have to be paid a compensation package – understood to run into millions, but to be undisclosed because of commercial sensitivities – this is to cover any profits they would have made over the remainder of the contract. This money will effectively be paid for by the new operator (so if Arrow retain the contract they would be paying themselves compensation!)
John Taylor, chairman of the NET development board, said: “I am surprised (at the interest shown) because immediately after line one was finished Carillion and Bombardier, who did the civil engineering, said they had lost £10m. There were rumblings that trams were bad news and they wouldn't be done again, but the level of interest (in the new contract) has been high. The process has been designed to ensure there's continued integration with lines one, two and three. It's an experience learned from Manchester. We cannot have a separate and potentially rival firm running lines two and three. You will be able to catch the tram from Wilford to Chilwell and this means it must be integrated."
