§ Mr. Dickens
To ask the Secretary of State for Transport what proposals he has for the provision of passenger rolling stock after the privatisation of British Rail.
§ Mr. Freeman
The private sector must ultimately take the lead in providing rolling stock. Using its financing and management skills is the best way to ensure the right rolling stock is available at the right time for the best possible price.
The Government recognise that there may be some uncertainty in the market until the railway is established in the private sector. In a consultation document "Railway Privatisation: Passenger Rolling Stock" published today, we indicate that we are considering a number of measures which will help to get a rolling stock market up and running. There must be no hiatus in railway investment during the transition to a franchised railway.