Great British Railways: Finance
The question
To ask the Secretary of State for Transport, whether she plans to allocate a multi-year funding settlement for (a) revenue and (b) capital to Great British Railways.
Answered by Simon Lightwood
The recent consultation on reforming our railways proposed that the Secretary of State will be required to issue a High-Level Output Specification (HLOS) and Statement of Funds Available (SoFA) for GBR’s Infrastructure Operations, Maintenance and Renewals. GBR would be required to create a business plan in response to the HLOS and SoFA, setting out its proposed activity over the next 5 years. Passenger services and enhancements would continue to be funded through the spending review process when these occur. The consultation has now closed, and Government will publish a response in due course.
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