Written question asked by Lord Taylor of Goss Moor (Liberal Democrat) on Monday, 5 November 2001, in the House of Commons. It was due for an answer on Tuesday, 13 November 2001. It was answered by David Jamieson (Labour) on Tuesday, 13 November 2001 on behalf of the Department for Transport, Local Government and the Regions.

Dept for Transport Local Government and the Regions

Question: To ask the Secretary of State for Transport, Local Government and the Regions, what advice he has received on the level of payments on debt that would (a) be required annually if the rating of the successor organisation to Railtrack were credit rated at (i) BBB and (ii) single A and (b) be required if it were able to borrow at the rate of government gilts; and if he will make a statement; what advice he has received on the level of payments on debt that would be required annually if the rating of the successor organisation to Railtrack were (a) one per cent. higher, (b) two per cent. higher and (c) three per cent. higher than government gilts; and if he will make a statement.

Secondary information