Although fares, timetables and operational requirements are all set by TfL, the day to day service is provided by LOROL.
The two-year extension means the company will continue to operate the Overground until November 2016 when the contract will be re-tendered.
The London Overground is regularly one of the UK’s best performing surface rail services and enjoys high levels of passenger satisfaction.
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.”
Managing Director of LOROL Peter Austin, added: “Everyone at LOROL has worked tirelessly over the past five year to transform the railway and to deliver TfL’s vision for the Overground. The two year extension is recognition of those efforts and LOROL’s excellent operational delivery. We look forward to another successful four years.”
