§ Mr. HoyleTo ask the Secretary of State for the Environment, Transport and the Regions what powers the Government directors on Railtrack have been given; and whom they will report to. [157701]
§ Mr. HillThere are no Government directors on the Railtrack Board. On 2 April, Railtrack announced its intention to appoint a non-executive director to its main Board with a remit to provide a public interest and consumer voice within the Board. On reporting, normal corporate governance arrangements will apply, with the new director under the same obligations as other non-executive directors.
§ Mr. HoyleTo ask the Secretary of State for the Environment, Transport and the Regions what discussions have taken place on Government shareholding in Railtrack in exchange for(a) Government funding and (b)subsidy. [157700]
§ Mr. HillThe package of rail measures announced on 2 April included an agreed Statement of Principles setting out the basis for a new relationship between Railtrack and Government. The package did not include proposals for Government to acquire more shares in the company.