HC Deb 11 July 1996 vol 281 cc247-8W
Mr. Chidgey

To ask the Secretary of State for Transport what are the gross proceeds in each year since 1994–95 of the sales so far made of the former subsidiaries of British Rail and Railtrack, excluding any payments relating to profits made while these organisations were still in the public sector. [35900]

Mr. Watts

The gross proceeds of such sales received to date are as follows:

  • 1994–95: £5.75 million
  • 1995–96: £2,454 million
  • 1996 to date: £1,054 million

The sales figure for BR subsidiaries is subject to post-completion adjustments.

The 1995–96 figure includes £1,822 million received for the three rolling stock leasing companies.

The 1996–97 figure includes the proceeds of the first instalment in respect of Railtrack shares.