§ Mr. Don FosterTo ask the Secretary of State for Transport (1) what progress has been made on the introduction of special purpose vehicles on Britain's railways; when the first is expected to begin; what timetable is proposed; and if he will make a statement; [64099]
(2) what changes have taken place to the (a) timetable and (b) levels of investment in connection with the special purpose vehicle being developed by Govia: and if he will make a statement. [64098]
§ Mr. JamiesonSpecial purpose vehicles will be commercial entities aimed at securing third party investment in major infrastructure works on the railway. Several possible opportunities for the establishment of SPVs have been identified, but no SPVs are currently in place.