§ Mr. CryerTo ask the Secretary of State for Transport if he will list all the sources of investment currently allocated to British Rail for the current financial year; and if he will make a statement.
§ Mr. FreemanThe public expenditure White Paper (Cm. 1007) set out plans for British Rail investment and financing over this financial year (1990–91) and the next two years. In 1990–91, BR plans fixed asset investment of £1,052 million, the highest real level for 25 years. This will be financed mainly from the sale of surplus assets, grant from central and local Government and borrowing (mostly from the National Loans Fund). The external finance limit, which covers central Government grant and borrowing, was set in the White Paper at £646 million.