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Railways: Income

Volume 713: debated on Monday 26 October 2009


Asked by

To ask Her Majesty's Government what is the present and projected future income from URENCO, the Tote, the Channel Tunnel Rail Link and the Dartford crossing; what is their calculation of the amount they would receive from the sales of those assets after the payment of fees and other costs of such sales; and what would be the likely saving on interest payments on the national debt arising from those sales, assuming a long-term interest rate of 4 per cent. [HL5635]

Historic financial information for URENCO, the Tote, and HS1 is available in their annually published report and accounts, which can be found on their websites or at Companies House. Income from the Dartford crossing user charges is available in the Department for Transport annual report and resource accounts, available on the department's website.

The Government do not publish forecast financial data for the companies that they own. Nor do they publicly state the value expected to be received from an asset that may be for sale, as it could have a negative impact on the proceeds received.