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CTRL/London and Continental Railways

Volume 477: debated on Thursday 12 June 2008

To ask the Secretary of State for Transport what estimate she has made of the expected proceeds of the sale of the Government's interests in CTRL/London and Continental Railways. (209064)

The intention of the Government is to agree a restructuring and sale of London and Continental Railways Ltd. in a way which maximises value for money for the taxpayer.

The timing of that sale will depend on the pace of restructuring and market conditions closer to the time.

The Government would not wish to publish an estimate of expected proceeds; to do so might compromise the competitive sale process and damage value.