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Investment Projects

Volume 773: debated on Friday 22 November 1968

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asked the Minister of Transport what was the value of investment projects submitted to his Department by British Railways during 1967 and the first part of 1968; how many, representing what value, were submitted together with a discounted-cash-flow assessment; how many of the remainder, representing what value, were submitted with assessments of the rate of return on investment; and how many of those containing no such assessment, representing what value, were replacement schemes.

The estimated total cost of 29 major individual projects submitted to my Department by the British Railways Board in the period 1st January, 1967, to 30th September, 1968 (some of which are still under consideration) was £138 million. 13 projects estimated to cost £104 million were accompanied by assessments based on discounting techniques: the balance were accompanied by assessments in some other form. There was an element of replacement in nearly every scheme put forward.