§ Mr. DunnTo ask the Secretary of State for Transport what his plans are for the future ownership of European Passenger Services Ltd.
§ Mr. MacGregorOn 11 November 1993 I announced the Government's intention to privatise EPS by transferring it as part of the Government's financial contribution, to the private sector partner chosen to construct and operate the channel tunnel rail link, CTRL. As a first step in this process I have decided to transfer the company to Government ownership as soon as the necessary legal and contractual changes can be made. Mr. P. J. Butler, CBE, FCA, the immediate past senior partner of KPMG Peat Marwick will become a member of the BR board on 1 March and chairman of EPS in April. Mr. Butler will manage the tranfer of EPS from BR to Government ownership.