Proceeding contribution from Lord Hammond of Runnymede (Conservative) in the House of Commons on Thursday, 25 November 2010. It occurred during Ministerial statement on Rail Investment.
Rail Investment
This is not about the commercial position of franchisees; it is about the economic benefits. We are not just looking at costs and revenue. If revenues were able to justify the costs, franchisees would be able to do the work on their own, without Government support. We are looking typically at situations where the revenue from fares does not cover the costs, but the wider economic benefits justify the investment of public money.
Secondary information
- Type
- Proceeding contribution
- Reference
- 519 c477
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Capital investment Elizabeth line Fares Greater London Franchises High speed trains Railway stations Railways Railway network Passengers Rapid transit systems Overcrowding Repairs and maintenance Electrification Rolling stock North West Thameslink line Great Western main line
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 18:37:46 +0000
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_685791
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