Privatisation of London bus services | Wikipedia audio article
Channel: Subhajit Sahu
Date: 2019-01-21

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Privatisation_of_London_bus_services


00:01:21 1 Formation of London Buses
00:02:19 2 Introduction of competition
00:04:27 3 Break-up of London Buses
00:05:37 4 Intermediate operation
00:06:51 5 Business unit sell-off
00:08:24 6 List of independent operators



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Voice name: en-AU-Wavenet-C


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SUMMARY
=======
The privatisation of London bus services was the process of the transfer of operation of London Buses from public bodies to private companies.
For half a century, operation of London bus services for public transport was under the direct control of a number of entities known as London Transport. The London Regional Transport Act 1984 resulted in London Regional Transport taking control of London's bus routes, with the operation divested in stand alone companies that were privatised in 1994/95.
Since then, direct provision of bus services in London has been run by private companies, although Transport for London did operate its own company, East Thames Buses between 1999 and 2009.
Unlike those in the rest of the United Kingdom, the bus services in London, although still ultimately privatised, were not deregulated to the same extent. In London, details of routes, fares and services levels were still specified by public bodies, with the right to run the services contracted to private companies on a tendered basis.
The privatised period produced for the first time buses in London painted in different schemes from the traditional red. This ceased following a 1997 edict that London buses be 80% red.