§ Lawrie QuinnTo ask the Secretary of State for Transport, Local Government and the Regions if he will provide details of how his Department will provide financial assistance for Railtrack plc in administration. [8715]
§ Mr. ByersFull details of the funding arrangements agreed with the administrators are in the Loan Agreement. Parliamentary approval for this new expenditure in the form of a voted loan (to be repaid when Railtrack plc moves out of administration) will be sought in a Supplementary Estimate for DTLR. Pending that approval, urgent expenditure estimated at £800 million will be met by repayable cash advances from the Contingencies Fund.