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Railways: Franchises

Volume 496: debated on Monday 20 July 2009

To ask the Minister of State, Department for Transport which existing rail franchises he expects to return a premium to his Department by the end of the franchise period. (286074)

Based on existing contracted amounts it is anticipated that the following franchises will return a premium over the life of the contract:

Chiltern

First Great Western

South West Trains

East Midlands Trains

First Capital Connect

NX East Anglia

Southern Trains.

However, overall net premium payments are dependent on any revenue support payments.

NX East Coast has to date paid premiums, and is contracted to do so over the remainder of the franchise.

To ask the Minister of State, Department for Transport how much his Department expects to receive in premiums from rail franchises in financial year 2009-10. (286900)

[holding answer 14 July 2009]: Contracted premiums currently receivable under franchise agreements in 2009-10 total £319 million.