Great British Railways: Finance
The question
To ask the Secretary of State for Transport, what information her Department holds on the criteria that will be used by Great British Railways to allocate funding for (a) infrastructure and (b) rolling stock.
Answered by Simon Lightwood
Spending Review 25 and CP7 set railway budgets up to and including financial year 2028/29. The next Periodic Review and future Spending Reviews determine funding levels beyond 2028/29. While it’s government’s responsibility to allocate funding for GBR to use, including for infrastructure and rolling stock activity, it will be GBR’s responsibility, as the railways’ directing mind, to decide how it intends to carry out that activity within the funding allocated.
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