§ Ms Glenda JacksonTo ask the Secretary of State for Transport what funds his Department has spent, or is estimated to spend on preparations for rail privatisation, excluding funds made available to(a) British Rail, 738W (b) Railtrack plc, (c) the Office of Passenger Rail Franchising and (d) the Office of the Rail Regulator, in (i) 1992–93, (ii) 1993–94, (iii) 1994–95, (iv) 1995–96 and (v) 1996–97.
§ Mr. WattsThe information is as follows:
Year £ million (i) 1992–93 6.7 (ii) 1993–94 13.5 (iii) 1994–95 14.2 (iv) 1995–96 24.6 (v) 1996–97 5.3 Figures for 1994–95 onwards are current estimates and exclude main sale costs for the flotation of Railtrack, yet to be determined.
§ Ms Glenda JacksonTo ask the Secretary of State for Transport what estimates were given to him by British Rail for costs arising from the restructuring of British Rail for rail privatisation in(a) the current financial year and (b) the forthcoming financial year; what funds he has made available to British Rail for reorganisation in preparation for privatisation; what funds he has made available to Railtrack to implement privatisation in 1994–95, and what is his estimate for 1995–96.
§ Mr. WattsBritish Rail expects to spend some £78 million on reorganisation and privatisation in 1994–95. Railtrack has so far spent less than £0.5 million in 1994–95 on activities solely concerned with privatisation. A precise figure cannot be given because it is impossible to differentiate between such activities and those concerned with developing and establishing Railtrack as a separate business from British Rail. Planned expenditure in 1995–96 is a matter for BR and Railtrack.