§ Mrs. DunwoodyTo ask the Secretary of State for Transport if he will list for each former British Rail passenger company(a) the estimated value of the assets, (b) the sale price, (c) the levels of subsidy to be paid for those years for which information is available and (d) the length of the subsidy period. [20981]
§ Mr. WattsThe asset value of the former British Rail train operating companies at the point of sale was a matter for the British Railways Board. The TOCs were each sold at a net asset value of £1—that is assets net of all liabilities. Subsidy levels to be paid for each franchise by franchise year are set out in my answer of 31 October 1996,Official Report, columns 241–42; and my answers to the hon. Member for Eastleigh (Mr. Chidgey) on 13 January, Official Report, columns118–19and 27 February, Official Report, columns294–95