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Written question asked by Lord Berkeley (Labour) on Monday, 24 April 2017, in the House of Lords. It was due for an answer on Tuesday, 9 May 2017. It was answered by Lord Ahmad of Wimbledon (Conservative) on Wednesday, 26 April 2017 on behalf of the Department for Transport.


Network Rail: Land

Question

To ask Her Majesty’s Government what is their estimate of the expected income from Network Rail’s disposal of operational freight land.

Answer

As recommended by the 2015 Hendy Review, Network Rail is committed to disposing of assets, including freight estate, where ownership is not essential for the running of the railway. As well as generating funds to reinvest into the railway, this will allow Network Rail to focus on its core business of running a safe, reliable and growing network.

At this point in time all options are still being considered and no firm decisions have been made about freight asset sales. The detail of any expected future asset sales is commercially sensitive.


Secondary information

Type
Written question
Reference
HL6765
Session
2016-17
Subjects
Land Freight Income Property transfer Network Rail
Contains statistics
Yes
Link
View this Written question on www.parliament.uk