HC Deb 30 March 1983 vol 40 cc176-7W
Mr. Booth

asked the Secretary of State for Transport what is the maximum sum that British Rail can borrow for investment during the period of the current external financing limit, the present public service obligations and the current level of section 20 payments.

Mr. David Howell

For the year 1982–83 the British Railways Board's investment ceiling is £462 million. Within that the amount which the board can borrow for investment will depend on a number of factors, including the level of depreciation, the internal resources of the board and the level of temporary borrowing.