§ Mr. Spearing
To ask the Secretary of State for Transport if he will tabulate in theOfficial Report investment in British Rail for each of the financial years 1983 to date showing what sums for capital investment have been derived from Exchequer and BR sources, respectively, together with indications of the parts of such capital liable and not liable to interest charge, respectively, in any one year.
§ Mr. Portillo
Table 7.33 in chapter 7 of "The Government's Expenditure Plans 1990/91 to 1992/93" (Cm 1007) sets out British Rail's capital requirements and the internal and external resources from which these requirements are met. "External finance" comprises revenue subsidy paid by the Government and borrowing, principally from the national loans fund. We do not apportion particular forms of finance between investment and other expenditure. BR "rail" investment since 1983 is as follows, in £m and at constant 1989–90 prices:
Year Rail investment 1983 348 1984 1369 1985–86 498 1986–87 482 1987–88 604 1988–89 610 1989–90 2670
(1) 1984–85 was a 15-month financial period. The figure shown for 1984 is the 12-month equivalent.