Written question asked by Stephen Byers (Labour) on Thursday, 26 February 2009, in the House of Commons. It was due for an answer on Tuesday, 3 March 2009. It was answered by Pat McFadden (Labour) on Wednesday, 4 March 2009 on behalf of the Department for Business, Enterprise and Regulatory Reform.
Royal Mail: Finance
- Question
- To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform how much of the £1.2 billion loan made by the Government to Royal Mail has been spent; when the loan was expected to be taken up; when the full amount of the loan will have been taken up; and if he will make a statement.
- Answer
-
[holding answer 3 March 2009]: Royal Mail has spent or committed £600 million on modernisation so far and is expected to draw down the full £1.2 billion loan facilities Government have made available over the next two years, to assist with implementation of their existing transformation plan.
Secondary information
- Type
- Written question
- Reference
- 488 c1696-7W; 260309
- Session
- 2008-09
- Subjects
- Finance Royal Mail
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-25 01:02:13 +0000
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