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Transport official suspended over rail fiasco is ex-Goldman banker - UK Politics - UK - The Independent

A former Goldman Sachs banker in charge of private contracts for the Department for Transport was named yesterday as one of the officials suspended for their alleged role in the West Coast rail franchise fiasco. Kate Mingay, head of commercial at the DfT, is believed to be the most senior of three staff suspended on Wednesday.

She ran a team responsible for the finance model in the bidding for the West Coast Main Line franchise. The decision to strip Sir Richard Branson's company, Virgin Trains, of the multibillion-pound contract and award it to FirstGroup instead was scrapped after the Transport Secretary, Patrick McLoughlin, said there were "significant technical flaws" in the bidding process because of the DfT's mistakes.

Ms Mingay was also part of a team which approved the controversial decision to place a £1.4bn order for new Thameslink trains with the German firm Siemens, rather than the Derby train-maker Bombardier.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Oct 4th, 2012 at 07:54:07 PM EST
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