HC Deb 21 January 2002 vol 378 c589W
Chris Grayling

To ask the Prime Minister, pursuant to his oral answer of 19 December 2001,Official Report, column 289, if he will publish the documentation to support his reference to the uncovering by the Railtrack administrator of more financial difficulties at the company. [26409]

The Prime Minister

No. These are matters for Railtrack plc and its administrator. The administrator will lodge a Statement of Proposals with the Registrar of Companies and others, including creditors of Railtrack plc, at a time to be agreed by the court. The statement will therefore be widely available. It will contain the administrator's proposals and strategy for transferring the business to another company or companies and the carrying on of the relevant activities before making the transfer. And as my right hon. Friend the Secretary of State for Transport, Local Government and the Regions told the Transport, Local Government and the Regions Committee on 16 January this will include a statement of affairs from the Directors of Railtrack, that willdisclose the level of debt that Railtrack had to serve and people will then understand why the High Court judge…took the decision which he did".