§ Mr. David Atkinson
To ask the Secretary of State for Scotland what plans there are to privatise the Scottish Transport Group; what estimate of asset proceeds he has made; and if he will make a statement.
§ Lord James Douglas-Hamilton
The disposal programme covering the undertakings of the Scottish Transport Group was published on 6 February 1990. The major part of this programme, the disposal of the 10 former subsidiaries of the Scottish Bus Group, has been successfully completed. My reply to my hon. Friend the Member for Dumfries (Sir H. Monro) on 2 December 1991,Official Report, columns 45–46, gave details of the proceeds from the sale of the Scottish Bus Group. The Scottish Transport Group will be wound up in due course after the disposal of its remaining property assets and the winding up of its pension funds. Estimates of likely proceeds from the remaining assets are commercially confidential.