LOROL has been awarded a two-year extension to its contract with Transport for London (TfL) to continue to operate the London Overground network.
Under the contract, LOROL will retain responsibility for the operation of the London Overground train services, maintenance and operation of the stations which they manage and the maintenance of the 172 trains which run on the Gospel Oak to Barking line.
TfL chief operating officer for rail Howard Smith said: “We are pleased to continue our successful relationship with LOROL.
“The Overground has gone from strength to strength since the start of the concession and demonstrates what TfL can achieve, in partnership, when given responsibility for rail services in London.”
The extension will run from November 8, 2014 to November 12, 2016.
Managing director of LOROL Peter Austin said: “I am delighted that we have reached agreement with Transport for London for a two-year extension to our contract.
“Everyone at LOROL has worked tirelessly over the past five year to transform the railway and to deliver TfL’s vision for the Overground.
“We look forward to another successful four years.”