Keolis already operate the trams in Manchester, Nottingham and the DLR so the Senedd thought it would be a fine choice considering their plans for the South Wales Valley services.TfW is run as a not for profit. Keolis Amey has a cap on the profit they make which is set by the Senedd, any more money goes back into the system to be reinvested.Ticket prices are regulated by the government, inflation depends on how the ticket prices rise or fall, and the government also controls how much the tickets are subsidised.

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