HC Deb 18 July 1979 vol 970 cc746-7W
33. Mr. Hooley

asked the Minister of Transport what will be the capital expenditure by British Railways in 1979–80 and 1980–81; and how this compares with the average of the past three years, all figures at constant 1979 prices.

Mr. Kenneth Clarke

The British Railways Board's investment ceiling for the years 1979, 1980 and 1981 at present remains that set out by the previous Administration in Cmnd. 7439. At constant 1979 prices it amounts to £369 million. At the same prices, over the last three years the board has invested on average some £334 million per annum.

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