London Overground concession extended for another two years

Arriva Rail London says that its concession to run London Overground services has been extended by another two years by Transport for London (TfL), and will now expire in May 2026.The London Overground concession was introduced in 2007, which means that TfL takes revenue risk, while the operating company receives a fixed payment with adjustments made according to performance. Arriva receives a fixed payment for running the railway, with adjustments based on performance across a number of measure