New public transport body for Northern Ireland
A new public transport company is to be formed to run bus and rail services in Northern Ireland, Stormont Regional Development Minister, Mr Peter Robinson announced today.
Mr Peter Robinson
They would form a "new dynamic publicly owned operating company" called Transport Northern Ireland, with the Department of Regional Development as its shareholder.
Mr Robinson (DUP, East Belfast) told MLAs: "This company would have direct lines of accountability with DRD as its shareholder.
"It would continue to have a lead role in providing bus and rail services but would focus on developing the commerciality of the operating companies, with a view to competing in a market progressively opened up to private sector participation."
He also said: "An independent public transport regulatory body would be established, initially in shadow form and in due course on a statutory basis.