HC Deb 09 July 1991 vol 194 c309W
Mr. Alan Williams

To ask the Secretary of State for Transport if he will publish the precise reference to where in the Severn bridge concession agreement the provisions and presumptions about interest charges for the project are covered.

Mr. Chope

Clause 5 and schedule 2—part 4—of the concession agreement with Severn River Crossing plc set out the basis of the financial terms for the project. The detailed provisions relating to interest charges are commercially confidential and are contained in the supporting financial documentation to the agreement.

Mr. Barry Jones

To ask the Secretary of State for Transport if he will make a statement on the Severn bridge debt.

Mr. Chope

The net debt on the Severn bridge at 31 March 1990 was £114 million.