Written question asked by Gwyneth Dunwoody (Labour), in the House of Commons. It was due for an answer on Thursday, 20 March 1997. It was answered by John Watts (Conservative) on Thursday, 20 March 1997 on behalf of the Department of Transport.

Dept of Transport

Question: If he will list for each of the former British Railfreight companies (a) the estimated value of the assets, (b) the sale price, (c) the amount of subsidy to be paid to the purchaser and (d) the length of the subsidy period. - Inc figs.

Answer: Mrs. Dunwoody: To ask the Secretary of State for Transport if he will list for each of the former British Railfreight companies (a) the estimated value of the assets, (b) the sale price, (c) the amount of subsidy to be paid to the purchaser and (d) the length of the subsidy period. [20916] Mr. Watts: The answers are as follows: (a) The price for each sale reflects the value to the purchaser of the assets and liabilities of the company. (b) The gross proceeds for each of the former BR freight companies were as follows: Rail Express Systems Ltd.: £24.2 million; Loadhaul Ltd., Mainline Freight Ltd. and Transrail Freight Ltd.: £225.15 million; Freightliner (1995) Ltd.: £5.39 million. (c) and (d) None of those sales involves subsidy. Freightliner is receiving track access grant of up to £75 million over five years. The sale of Railfreight Distribution has yet to be completed.

Secondary information

Type: Written question
Reference: 20916; 292 c766W;292 c765W
Session: 1996-97
Subjects: Freight Railways Railfreight Distribution Freightliner Rail Express Systems
Contains statistics: Yes