Transport for Wales
Transport for Wales (Welsh: Trafnidiaeth Cymru), or TfW (Welsh: TrC), is a not-for-profit company owned by the Welsh Government and managed at arms length by its appointed board.
TfW oversee the issuance and upkeep of the Wales & Borders franchise, for which it in 2018 contracted the train operating company KeolisAmey Wales to run using the trading name Transport for Wales Rail. From February 2021, it will directly oversee the franchise when it comes under the control of a Welsh-government owned company, Transport for Wales Rail.