HC Deb 05 March 1996 vol 273 c144W
Ms Short

To ask the Secretary of State for Transport which subsidiaries of the British Railways Board he estimates will be in public ownership at 1 January 1997. [18484]

Mr. Watts

The current subsidiaries of the board presently expected to be in public ownership on 1 January 1987 are British Rail Savings Co. Ltd., British Rail International Ltd. and Southdowns Village Ltd. A number of other subsidiaries may be formed between now and 1 January 1997, the majority of which are expected to be sold by that date.

Some passenger train operating companies may remain in public ownership on 1 January 1997. The precise number will depend on the progress which the franchising director makes in selling railway franchises this year.

The following are dormant subsidiaries of the board. They seem likely to remain subsidiaries at 1 January 1997:

  • British Transport Hotels Ltd.
  • Freightliners Ltd.
  • British Rail Engineering Ltd.
  • Advanced Passenger Trains Ltd.
  • RFD (Channel Tunnel) Ltd.
  • Europabus Ltd.
  • Oil Rail Terminals Ltd.
  • Railway Finance Ltd.
  • Masterhaul Ltd.
  • The Pullman Car Co. Ltd.
  • Railway Sites Ltd.
  • British Rail Investments Ltd.
  • British Rail Hovercraft Ltd.
  • British Rail Maintenance Ltd.
  • Britravel Nominees Ltd.
  • Mastertank Ltd.

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