Moderation of Competition
As a way of protecting the revenues of Virgin Trains to enable it to pay franchise premiums to the government to partly recoup the cost of the West Coast Main Line upgrade, the Office of Rail Regulation inserted a Moderation of Competition in Virgin's Track Access Agreement. Until its expiry in March 2012, this prevented any other train operating or open access companies operating services in competition that would abstract revenue.
Read more about this topic: Virgin Trains
Famous quotes containing the words moderation of, moderation and/or competition:
“The moderation of people in prosperity is the effect of a smooth and composed temper, owing to the calm of their good fortune.”
—François, Duc De La Rochefoucauld (1613–1680)
“The moderation of people in prosperity is the effect of a smooth and composed temper, owing to the calm of their good fortune.”
—François, Duc De La Rochefoucauld (1613–1680)
“Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.”
—Mario Puzo (b. 1920)