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Dept of the Environment Transport and the Regions

Answer

Ms Kelly: To ask the Secretary of State for the Environment, Transport and the Regions what the (a) allocated and (b) forecast level of public funding to Railtrack is in each of the next three years. [160297] Mr. Hill: [holding answer 8 May 2001]: Railtrack will receive network grants from the Strategic Rail Authority. While the precise amounts will depend on future movements in the retail price index, payments are expected to be as follows: _________________________________________________________________________________________________. £ million 2001-02 505 2002-03 900 2003-04 2,005 _________________________________________________________________________________________________. In addition, Railtrack will receive some £2 billion each year in revenue from passenger train operators, the large majority of whom receive subsidy from the Strategic Rail Authority and passenger transport executives. Additionally, in 2003-04 network grants to Railtrack will be increased by an adjustment for freight access income. This will consist of one third of the difference between the total amount of freight income allowed for in the second regulatory control period in the Regulator's final conclusions on passenger access charges and that to emerge from the Regulator's freight charging review.

Secondary information

Type

Written question

Reference

368 c183W; 160297

Session

2000-01

Subjects

Finance Government assistance Public expenditure Railtrack Subsidies

Contains statistics

Yes

Link

View this Written question on www.publications.parliament.uk