§ Lord Berkeleyasked Her Majesty's Government:
What was the amount budgeted for sales of land by Rail Property Ltd for the financial years 1996–97, 1997–98 and 1998–99; and what amount was, or is expected to be, achieved for each of those years. [HL1832]
§ The Parliamentary Under-Secretary of State, Department of the Environment, Transport and the Regions (Baroness Hayman)Details of Rail Property Ltd's budgets are a matter for the British Railways Board. However, the board's annual report and accounts 1996–97 show that the BR Property Board achieved property sales of £46.3 million that year. We understand from the British Railways Board that Rail Property Ltd achieved property sales of £72.7 million in 1997–98 and their present expectation is to achieve property sales of £57.3 million in 1998–99.