HC Deb 21 October 1994 vol 248 c353W
Mr. Bayley

To ask the Secretary of State for Transport how much(a) British Rail and (b) the three new rolling stock leasing companies will invest in new rolling stock in 1994–95.

Mr. Watts

British Rail expects to spend £90 million and the three rolling stock leasing companies £129 million on new rolling stock in 1994–95. In addition, BR has authority to lease £150 million of new Networker trains from 1994–95.

Mr. Bayley

To ask the Secretary of State for Transport what is now(a) Railtrack's and (b) British Rail's external financing limit for 1994–95; and what plans he has to change these figures.

Mr Watts

The provisional external financing limits for 1994–95 for Railtrack and British Rail are, respectively, minus £280 million and minus £348 million. They will continue to be kept under review during the course of the year, and adjusted as appropriate.

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