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PARLIAMENTARY WRITTEN QUESTION
East Coast Rail Franchise (1 December 2014)

Question Asked

To ask the Secretary of State for Transport, what estimate his Department has made in (a) nominal and (b) current prices of Inter City Railways Ltd's annual premium payments from 2015-16 to 2023-24.

Asked by:
Lilian Greenwood (Labour)

Answer

The total premium payable to government by Inter City Railways Limited over the 8 year term of the new InterCity East Coast franchise is (a) £3.3bn in nominal terms; and (b) £2.35bn in Net Present Value (Premium payments in real terms discounted at 3.5%).

Answered by:
Claire Perry (Conservative)
4 December 2014

Contains Parliamentary information licensed under the Open Parliament Licence v3.0.

Use Your Location

Use Your Location

PARLIAMENTARY WRITTEN QUESTION
East Coast Rail Franchise (1 December 2014)

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Answer

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PARLIAMENTARY WRITTEN QUESTION
East Coast Rail Franchise (1 December 2014)

Question Asked