§ Chris GraylingTo ask the Secretary of State for Transport, Local Government and the Regions what the total(a) loan facility and (b) working capital facility drawn down by the Railtrack Administrator under the commercial loan agreement is. [32938]
836W
§ Mr. Jamieson[holding answer 4 February 2002]: £1,492,017,636 has been drawn down from the loan facility. Nothing has been drawn down from the working capital facility.
§ Chris GraylingTo ask the Secretary of State for Transport, Local Government and the Regions whether the additional money originally announced on 14 January for the railways includes the additional funding for Railtrack brought forward from Control Period 3 into Control Period 2. [32937]
§ Mr. Jamieson[holding answer 4 February 2002]: I refer the hon. Member to the answer given on 30 January 2002, Official Report, column 322W.
§ Mr. Don FosterTo ask the Secretary of State for Transport, Local Government and the Regions, pursuant to his answer of 17 December 2001,Official Report, column 9W, on Railtrack, for whom the assessment of cash-flow from assets was conducted; why his Department conducted an assessment of the cash-flows provided by assets from Railtrack, but no assessment of the direct value of assets in (i) Railtrack plc and (ii) Railtrack Group; and if he will make a statement. [32694]
§ Mr. JamiesonI refer the hon. Member to previous replies given to the hon. Member for Maidenhead (Mrs. May) on 19 November 2001,Official Report, column 31W, 23 November 2001, Official Report, column 496W, and 3 December 2001, Official Report, column 22W.
§ Chris GraylingTo ask the Secretary of State for Transport, Local Government and the Regions whether Railtrack needed to raise more money during the current financial year than was envisaged in its business plan. [32741]
§ Mr. SpellarThe evidence to the High Court on 7 October 2001 demonstrated that Railtrack plc was, or was soon likely to become, unable to meet its existing debts. On that basis it could not raise the money envisaged in its business plan.