Rolling Stock: Leasing
The question
To ask the Secretary of State for Transport, what estimate her Department has made of the annual cost to the public purse for payments associated with rolling stock leasing agreements following the transfer of train operating companies into state control.
Answered by Keir Mather
It is expected that future transfers will see existing rolling stock leasing arrangements novate to the new public sector operator on existing terms as part of the transfer of operations into public ownership. Therefore, we do not expect changes to current cost estimates as a result of the transfer of operations into public ownership.
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