Lord Berkeleyasked Her Majesty's Government:
What funds were allocated to the Rail Modernisation Fund in the 10-year transport plan; whether the fund is still in existence; and, for each year to date, how much money was spent from it, and how much private sector investment was levered in. [HL1409]
99WA
§ Lord Davies of OldhamThe 10-year plan envisaged £7 billion of expenditure through a Rail Modernisation Fund. The 10-year plan funding total remains of £33 billion. The funds originally allocated for the Rail Modernisation Fund have been used to fund additional network grant to Railtrack and Network Rail. The total private investment in the railway in 2001–02 was £3.4 billion and in 2002–03 was £3.2 billion.