HC Deb 29 March 1993 vol 222 c2W
Mr. Duncan-Smith

To ask the Secretary of State for Transport what are his objectives for the privatisation of the DVOIT executive agency.

Mr. Kenneth Carlisle

The key objectives for this sale are1 To sell DVOIT as soon as is reasonably practicable. 2 To maximise the net receipts from the sale, subject to the achievement of the following other objectives: (i) ensure that DOT and its agencies obtain, as part of the sale, contracts for the privision of IS/IT services appropriate to their business requirements, including vfm, quality, flexibil-ity and security, at the lowest market price; and (ii) to obtain reassurance that the purchaser should have the capacity to meet transferred liabilities and obligations.