HC Deb 13 February 1992 vol 203 cc572-3W
Mr. Gregory

To ask the Secretary of State for transport if he will give a breakdown of British Rail's funding in 1990–91 and an estimate on the same basis for the current year.

Mr. Freeman

The information requested is as follows.

British Rail sources of funds
£ million cash
1990–91 1991–921
Requirements
Investment 850 1,125
Operating losses 350 575
Interest 50 75
Total 1,250 1,775
Sources
Borrowing 375 600
PSO grants 600 900
Level crossing grants 25 25
PTE Grants 100 125
Asset sales 125 75
Working capital 25 50
Total 1,250 1,775
1 Estimate.

Notes:

  1. 1. All figures rounded to the nearest £25 million.
    2. 573
  2. 2. Operating losses exclude depreciation.
  3. 3. The external finance limit comprises borrowing and grants (other than PTE grants).

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