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East Midlands Trains: Finance

Volume 472: debated on Tuesday 4 March 2008

To ask the Secretary of State for Transport what premium East Midlands Trains is forecast to pay to the Government over the period of its franchise. (191146)

Full details of the East Midlands Franchise were announced by the Department in a written ministerial statement to the House and a Stock Market Statement on 22 June 2007. This states that Stagecoach Midland Rail Limited will pay a premium of £133 million (net present value) over the life of the franchise.