§ Viscount Montgomery of Alameinasked Her Majesty's Government:
Which of the shortlisted bidders they have selected as the purchaser of the Transport Research Laboratory.
§ The Parliamentary Under-Secretary of State, Department of Transport (Viscount Goschen)The Government have selected the Transport Research Foundation as the preferred purchaser for the final negotiations on the sale of the Transport Research Laboratory. The foundation includes members of TRL's existing management and is seeking to acquire TRL as a non-profit distributing company. Although the competing bid from the consortium of Pell Frischmann Consulting Engineers Limited, Mouchel Associates Limited, the Automobile Association and the Royal Automobile Club was strong, the foundation's bid was judged better to meet the objectives for the sale announced by my right honourable friend the then Secretary of State on 14 March 1995.
We expect to complete the sale of TRL by the end of February.