HC Deb 08 November 1972 vol 845 c181W
Mr. Arthur Lewis

asked the Secretary of State for the Environment whether he is aware that in the European Economic Community all major investment programmes for rail trunk routes have to be notified to the Commission who are able to support applications for loans to the European Investment Bank; and to what extent he has taken or intends taking such action with regard to British Rail investment programmes.

Mr. Peyton

Under the Transport Act, 1962 the board's long-term borrowing has to be from the Government but I am considering whether wider borrowing powers would be desirable.