§ Mr. BayleyTo 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. WattsBritish 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. BayleyTo 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 WattsThe 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.