NXEC - What does NXEC stand for? The Free Dictionary
References in periodicals archive
blamed the unions of "mischief making" but said there was workers would not be compelled to don the uniform "if there was a problem".
But through freedom of information rules, it has emerged the DfT issued a formal notice to NXEC on June 16 informing the company "with immediate effect, they were subject to the last 12 months provisions of the franchise agreement".
North East Tory Lord Bates said the revelations cast doubt on whether the DfT negotiated in "good faith" with NXEC.
The DfT said the National Express bid vehicle, NXEC
, may raise unregulated fares by an average of 2.1 per cent above inflation each year over the course of the franchise.
Known as NXEC
, this is a special purpose vehicle which the Government itself asked be set up as a standalone legal entity with its own assets, management team and franchise agreement.