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Mr. Bayley
To ask the Secretary of State for Transport if he will list the date of privatisation of all the York-based British Rail businesses which have been privatised to date, the number of employees in the business at the time of privatisation and the amount of money received for the business; and if he will specify
Business sold or franchised | Date sale completed or franchise awarded | Gross proceeds (£ million) | Employees in whole business at date of sale/franchise award |
Civil Engineering Design Group York | 15 September 1995 | 3 | 159 |
Eastern Track Renewals Company Ltd. | 15 March 1996 | 11 | 604 |
InterCity East Coast Franchise | 28 March 1996 | 1— | 2,900 |
Northern Infrastructure Maintenance Company Ltd. | 18 June 1996 | 9 | 520 |
1 Franchises are awarded as contracts to run passenger train services in return for the payment of support, where necessary, and may not generate receipts. Support for the InterCity east coast franchise will reduce to nil by the final year of the seven-year franchise period. |