HC Deb 09 February 2004 vol 417 cc1309-10W
Bob Spink

To ask the Secretary of State for Transport what proportion of train rolling stock leasing expenditure goes to profit. [153114]

Mr. McNulty

The contractual terms agreed between the rolling stock leasing companies (ROSCOs) and the Strategic Rail Authority (SRA) do not cover profit levels. The reporting of profits is a matter for the ROSCOs themselves.

Bob Spink

To ask the Secretary of State for Transport (1) what representations he has received on(a) financing methods for and (b) the cost of new train rolling stock; [153120]

(2) what changes he plans to the supervision of the train rolling stock leasing market. [153121]

Mr. McNulty

The review of the railway industry announced by the Secretary of State on 19 January is directed specifically at the control of costs and the possibility of structural change. Rolling stock leasing arrangements will be among the issues to be considered as part of the review.