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British Rail (Investment)

Volume 35: debated on Wednesday 19 January 1983

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asked the Secretary of State for Transport what is the present level of Government investment in British Rail; and if he will make a statement.

The level of investment in British Rail depends on the railways board's ability to generate the necessary funds. In 1982 investment amounted to about £300 million, which is well below the ceiling set by Government. Total grant from central and local Government to British Rail in 1982 amounted to over £900 million.