§ Mr. SnapeTo ask the Chancellor of the Exchequer how much of British Rail's investment programme of £3.75 billion over the next three years will be financed from(a) their own internally generated cash flow, (b) PSO level crossing and section 20 grants and (c) external finance, excluding PSO, level crossing and section 20 grants.
§ Mr. Norman LamontBritish Rail's investment programme of £3.75 billion over the next three years will be financed from its own internally generated cash flow, which includes payments from passenger transport executives under section 20 of the Transport Act 1968 in 797W respect of services operated by British Rail in metropolitan areas, and from external finance. The Government's public expenditure plans for the next three years provide for a total of £2.2 billion of external finance of which grants (PSO and level crossing) account for £1.25 billion.