§ Mr.Knoxasked the Secretary of State for Transport what expenditure he has approved for electrification of railway track by British rail in each of the next five years; and how it is proposed that this capital expenditure will be financed in each year.
§ Mr. David Mitchell:We have authorized three schemes since 1981 The phasing of expenditure on these schemes is as follows:
These schemes may be funded either from borrowing or from British Rail's internal resources. The decision is a matter for the British Railways Board in the light of prevailing financial circumstances.