The disposal of non operational property owned by BRB (Residuary) Ltd. (BRBR) is governed by guidance issued to the company on 26 July 2007 which I outlined in my statement to Parliament on that date. A listing of all properties, including disused railway lines that are either held by BRBR or have been sold by the company is available on their website at:
http://www.brbr.gov.uk/property/property_listings
The disposal of railway property owned by Network Rail is undertaken in accordance with the conditions of their network license. Compliance with these conditions are monitored and enforced by the Office of Rail Regulation.
The Government priorities for rail as set out in the White Paper in July are improved reliability and safety and dealing with growth on the existing network. This does not envisage reopening lines in the period to March 2014. However, the Government would consider proposals for re-opening where these offer value for money and are fundable—it is for local promoters to make a case.