§ Mr. ChidgeyTo ask the Secretary of State for Transport, pursuant to his answer of 31 October,Official Report, column 4, if he will list for each rail franchise the administered profit included within the support paid to British Rail prior to franchising. [4145]
§ Mr. Watts[holding answer 14 November 1996]: The amounts of administered profit are provided in the table.
£ million Support paid to BR Prior to franchising Including administered Profit1 Gatwick Express NIL 4.33 South Eastern Trains 138.92 18.34 LTS 34.50 3.85 Midland Main Line 16.76 6.68 Great Western 60.83 15.14 Thames 43.80 5.14 Cardiff Railway 22.20 0.70 South Wales and West 84.80 4.79 InterCity East Coast 74.74 19.43 Chiltern 18.56 2.33 Network SouthCentral 101.99 13.41 South West Trains 85.43 19.49 Island Line 2.56 0.14 Total 685.09 113.77 Note:
1figures are for 1996–97 except for SWT and GW, where the figures are for 1995–96.
571WA total of £88 million operating profit was generated by the 13 franchised from operating companies whilst they were in BR ownership in 1995–96. This was some £16 million below the budgeted level of administered profits.