§ Mr. Bill WalkerTo ask the Secretary of State for Defence what progress has been made on the sale of Rosyth naval base; and if he will make a statement. [37738]
§ Mr. ArbuthnotI have now received the results of the recent tender exercise for the sale of the naval base. After careful analysis, and the submission of revised bids following further discussions with all the complaint bidders, the tender submitted by the Rosyth 2000 consortium was judged to be the best offer in terms of producing convincing business plans for the regeneration of the area and representing a fair return to the taxpayer for the sale of the base. The consortium has been selected as our preferred tenderer and our negotiations with the company will now continue to ensure a smooth transition of the naval base to civilian use by the end of March 1996. I am confident that Rosyth 2000 has the expertise and financial resources to sustain the regeneration of the area that we all wish to see.