§ Mr. FormanTo ask the Secretary of State for Transport by how much publicly financed investment in the railways has increased since 1987; and what effect this has had on the quantity of new rolling stock, track and signalling. [15269]
§ Mr. WattsIn 1987–88, publicly financed rail investment totalled £693 million, equivalent to £993 million in 1994–95 prices. In 1994–95, publicly financed rail investment is expected to total around £900 million. In addition we expect some £100 million of privately financed investment to be undertaken this year.
The table compares the level of investment in 1987–88 with the level in each subsequent year.
224W
Investment £ million 1994–95 prices Per cent. change on 1987–88 1987–88 993 — 1988–89 977 -1.6 1989–90 1,119 +12.7 1990–91 1,216 +22.5 1991–92 1,442 +45.2
Investment £ million 1994–95 prices Per cent. change on 1987–88 1992–93 1,552 +56.3 1993–94 1,188 +19.6 1994–95 c 1,000 +0.7 Over this period, at todays prices, £2,765 million has been invested in new rolling stock. Since the mid-1980s nearly 4,000 coaches, locomotives and other passenger vehicles have been delivered—over a quarter of the whole fleet. Some £1,448 million has been invested in track renewals and £1,401 million in signalling and related track projects.