§ Mr. ChopeTo ask the Secretary of State for Transport, (1) pursuant to his statement of 27 June, what his estimate is of the value of the relief to be offered to Railtrack Group PLC in respect of corporation tax on capital gains; [66508]
(2) pursuant to his statement of 27 June, whether Railtrack employees with shares in Railtrack Group will be exempt from capital gains tax on the realisation of their shares, pursuant to the proposals from Network Rail. [66507]
§ Mr. JamiesonThe Government have been advised that Railtrack Group should be able to take advantage of the exemptions referred to in paragraphs 24 and 25 of the Non-Statutory Contingent Liability minute laid before the House of Commons on 27 June. This would ensure that, in all likelihood, Railtrack Group incurs no tax liability as a result of the Railtrack plc disposal.
§ Mrs. MayTo ask the Secretary of State for Transport if he will list the projects given in Railtrack's Network Management Statement 2001 that, by the end of March 2002, had(a) been completed, (b) been started but not completed, indicating the expected completion date and (c) not been started, indicating the expected start date. [66601]
§ Mr. JamiesonRailtrack advise that details of the work identified in the 2001 Network Management Statement (NMS) against details of work that has been completed, started but not completed, and of work that has not been started, will form a paper to be published as part of an update to the 2001 NMS. It is expected that this will be published in the summer of 2002.
§ Mrs. MayTo ask the Secretary of State for Transport what duty is placed on the administrators of Railtrack PLC to provide accurate and timely information to Railtrack Group. [66529]
§ Mr. JamiesonThis is a matter for the Administrators who are Officers of the High Court.