Rail Privatisation

HC Deb 30 October 1995 vol 265 cc33-4W

Mr. Grocott

To ask the Secretary of State for Transport what is the estimated cost to date of rail privatisation. [37914]

Mr. Watts

Costs incurred to date by the Department, the Office of Passenger Rail Franchising and the Office of the Rail Regulator are as follows. They include running costs and consultancy costs.

£ million
	1991–92	1992–93	1993–94	1994–95	1995–961
DOT	1.0	6.7	3.52	14.2	8.8
OPRAF	—	—	2.4	16.6	15.4
ORR	—	—	1.4	9.0	4.0
Total	1.0	6.7	17.3	39.8	28.2

Notes:

¹Estimated costs to 30 September 1995.

²Includes £1.5 million contribution by DOT to the costs of setting up Opraf and ORR prior to formal appointments of the franchising director and Rail Regulator.

In addition, British Rail and Railtrack have incurred costs linked to privatisation. These are shown in the following table:

£ million
Year
BR/Railtrack
1991–92	—
1992–93	—
1993–94	92.2
1994–95	131.0
1995–961	57.0

Note:

¹ Estimated costs to 30 September 1995.