§ Mr. Galbraith
To ask the Secretary of State for Transport if he will give, both for Scotland and the United Kingdom as a whole, the total investment in British Rail originating from(a) revenue, (b) asset disposals, (c) Government grants, (d) local authority grants, (e) EC grants and (f) borrowings.
§ Mr. Freeman
British Rail's funding requirements for investment and losses over the period 1992–93 to 1994–95 are currently forecast at some £6.6 billion. Of this, nearly £4.4 billion—some two thirds—would be met from central Government grants and loans, with the remainder coming from passenger transport executive grants and internal sources. Particular sources of finance are not apportioned between investment and other expenditure.