§ Mr. Clifton-BrownTo ask the Secretary of State for Transport, Local Government and the Regions what arrangements will be made for debt to be covered by Railtrack's successor company; and if it will be guaranteed by Government. [39859]
§ Mr. Jamieson[holding answer 1 March 2002]: It is for bidders to propose their arrangements for the treatment of debt.
§ Mr. Clifton-BrownTo ask the Secretary of State for Transport, Local Government and the Regions what the level of indebtedness was of(a) Railtrack plc and (b) Railtrack Group immediately prior to the date of being put into administration; and how much debt the administrator has built up (i) to date and (ii) until the financial year end. [39843]
§ Mr. Jamieson[holding answer 1 March 2002]: This is a matter for the administrator of Railtrack plc and, in the case of Railtrack Group plc, the company and its auditors.