§ Mr. Andrew SmithTo ask the Secretary of State for Transport (1) how much was invested in railway infrastructure for each year since 1979; [5750]
(2) how much was invested in railway rolling stock for each year since 1979. [5751]
§ Mr. Watts[holding answer 26 November 1996]The table shows annual total investment in the rail network, and annual investment in railway rolling stock, between 1980 and 1995–96.
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£ million cash Year Annual total investment Annual investment in rolling stock1 1980 451 123 1981 421 108 1982 387 101 1983 447 76 1984–852 481 65 1985–86 555 84 1986–87 546 81 1987–88 697 103 1988–89 728 208 1989–90 897 208 1990–91 1,069 265 1991–92 1,333 331 1992–93 1,558 387
£ million cash Year Annual total investment Annual investment in rolling stock1 1993–94 1,253 295 1994–95 1,022 233 1995–96 3933 432 Source: 1 BR annual reports and accounts. Excludes BREL/ships/hotels, etc. Figures are gross and exclude PTE grants and pre-payments. Includes purchases for EPS/RfD new railway. 2 1984–85 was a 15-month year. The figure given is the 12-month equivalent. 3 Comprises: (i) Railtrack's capital expenditure, major maintenance and station backlog expenditure, as reported in Railtrack's Annual Report and Accounts 1995–96—this item is not directly comparable with figures for infrastructure investment in previous years due to changes in accounting definitions; (ii) investment by Eurostar (UK) Ltd. (formerly European Passenger Service Ltd.) in rolling stock and tangible fixed assets; and (iii) investment by the private sector in Heathrow Express. 4 Excludes investment after privatisation.