Written question asked by Anne Campbell (Labour) on Wednesday, 21 March 2001, in the House of Commons. It was due for an answer on Wednesday, 28 March 2001. It was answered by Keith Hill (Labour) on Wednesday, 28 March 2001 on behalf of the Department of the Environment, Transport and the Regions.

Dept of the Environment Transport and the Regions

Question: To ask the Secretary of State for the Environment, Transport and the Regions, if he will estimate the cost of renationalising the rail network and train operating companies. - Inc figure.

Answer: Mrs. Anne Campbell: To ask the Secretary of State for the Environment, Transport and the Regions if he will estimate the cost of renationalising the rail network and train operating companies. [155598] Mr. Hill: It is not possible to produce an accurate estimate of the cost of renationalising the rail network and train companies. However, Railtrack's market capitalisation, based on its current share price, is some £4 billion. The cost of renationalising Railtrack would be significantly more than that because, for example, all Railtrack's spending would be a charge to public expenditure.

Secondary information

Type: Written question
Reference: 365 c631W; 155598
Session: 2000-01
Subjects: Costs Railways Railway network Nationalisation Train operating companies
Contains statistics: Yes
Link: View this Written question on www.publications.parliament.uk