§ Mr. McLeishTo ask the Secretary of State for Transport what is the forecast level of investment for(a) Railtrack, (b) BR and (c) European passenger services for 1995–96; and if he will indicate under each heading how much of this expenditure is committed to projects already authorised and how much is available for investment in projects not yet authorised.
§ Mr. WattsOverall investment in the railway industry in 1995–96 is expected to be of the order of £1 billion, of which around a quarter will be financed by the private sector. A detailed breakdown will not be available until the individual budgets have been settled.