Railtrack Successor

- Thursday, 2nd May 2002

 

Railtrack Successor

Mr. Lilley: To ask the Secretary of State for Transport, Local Government and the Regions if he will list the categories and value of payments made to, by and on

2 May 2002 : Column: 904W

behalf of the proposed Company Limited by Guarantee as a successor to Railtrack which will be paid from public funds. [53802]

Mr. Spellar: The successor to Railtrack plc will continue to receive income to the time and profile as set out in the regulator‘s October 2000 periodic review and the April 2001 agreement between the Government and Railtrack.

If Network Rail‘s bid is successful, the support to be provided by Government is outlined in the replies to the right hon. and learned Member for Folkestone and Hythe (Mr. Howard) on 16 April 2002, Official Report, column 812W, and to the hon. Member for Christchurch (Mr. Chope) on 24 April 2002, Official Report, columns 284?85W.

2 May 2002 col 903-4W

 

 

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