§ Mr. BayleyTo ask the Secretary of State for Transport (1) how much(a) British Rail and (b) the three rolling stock leasing companies will invest in new rolling stock in 1994–95;
(2) what is Railtrack's investment budget for maintaining and improving the railway infrastructure in 1994–95; and what proportion of this budget it expects to invest in the course of the year.
87W
§ Mr. FreemanBR plans to invest over £250 million in rolling stock in 1994–95 of which around 40 per cent. will be on passenger vehicles that will pass to the rolling stock leasing companies. European Passenger Services Ltd. is planning to invest up to £150 million in rolling stock. Railtrack plans to spend around £500 million on improving and maintaining the railway infrastructure. Investment decisions and priorities within these total figures are a matter for the industries concerned.