PARLIAMENTARY WRITTEN QUESTION
Railways: Expenditure (10 September 2015)

To ask the Secretary of State for Transport, by what mechanisms he is permitted to reduce the Control Period 5 spending levels for the railway set by the Office of Rail and Road's Final Determination, published on 10 April 2014.

Asked by:
Lilian Greenwood (Labour)

The periodic review 2013 settlement set the outputs and the funding requirement for Control Period 5 that Network Rail is required to deliver to. The Secretary of State has overall responsibility for administering two of Network Rail’s sources of cash: the network grant for England and Wales, which is set in line with the funding requirements set by the periodic review settlement, and the loan agreement signed on 4 July 2014. The Government remains committed to providing the funds agreed and seeing Network Rail’s ambitious programme delivered.

Answered by:
Claire Perry (Conservative)
15 September 2015