Written question asked by Lord Grayling (Conservative) on Thursday, 1 November 2001, in the House of Commons. It was due for an answer on Friday, 9 November 2001. It was answered by David Jamieson (Labour) on Friday, 9 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, if he will make a statement on how and when the proposed extension of trains and platforms on suburban lines into Waterloo will be financed.

Answer: Chris Grayling: To ask the Secretary of State for Transport, Local Government and the Regions if he will make a statement on how and when the proposed extension of trains and platforms on suburban lines into Waterloo will be financed. [12749] Mr. Jamieson: Investment in new trains for the Waterloo suburban lines is being made by Angel Trains under a £1 billion deal, announced on 24 April 2001, between the company, Stagecoach Holdings plc and Siemens. It will be recovered through leasing charges paid by the train operator, South West Trains, which will be in receipt of franchise payments from the Strategic Rail Authority. No agreement has yet been reached with Railtrack or with other private investors on the financing of station improvements, including platform extensions, but the investment is similarly likely to be recovered through access charges paid by the train operator.

Secondary information

Type: Written question
Reference: 12749; 374 c454W
Session: 2001-02
Subjects: Finance Railway stations Railway network Repairs and maintenance Rolling stock South West Trains Waterloo Station Angel Trains
Link: View this Written question on www.publications.parliament.uk