§ Mr. MullinTo ask the Secretary of State for the Environment, Transport and the Regions if he will list the levels of capital investment by Railtrack for each year since it was established; what the figures were for comparable capital investment by British Rail in the five years before privatisation; and if he will make a statement. [62600]
§ Ms Glenda JacksonRailtrack was established on 1 April 1994 and privatised on 20 May 1996. The table shows annual total rail infrastructure investment between 1989–90 and 1997–98.
248W
year Annual total rail infrastructure investment (£ million cash) 1989–90 1603 1990–91 625 1991–92 769 1992–93 843 1993–94 708 1994–95 2661 1995–96 744 1996–97 961 1997–98 1,250 1 Investment figures for 1989–90 to 1993–94 cover BR investment on infrastructure, on buildings, and on new routes and new electrification. This approximates, but is not identical to, the types of investment now undertaken by Railtrack. 2In addition, investment figures from 1994–95 onwards, based on information provided by Railtrack and as reported in the company's Annual Reports and Accounts, are not directly comparable with figures for rail infrastructure investment in previous years due to changes in accounting definitions and the adoption of a new accounting practice by Railtrack.