(6 years, 11 months ago)
Lords ChamberAs I said, we are making decisions on electrification. We obviously see its benefits, but our focus is on improving rail journeys and passenger experience as quickly as we can. In some cases, electrification would take many years and cause a lot of disruption. The noble Lord mentioned the environment. We have introduced the new, state-of-the-art bi-mode trains, which, while giving passengers more comfortable and quicker journeys, will also help the environment.
Will the Minister have another go at answering questions put to her by my noble friends Lord Adonis and Lord Darling? She has conceded that the current franchise on the east coast will end three years earlier than originally anticipated. Can she tell the House—if she cannot today, could she please write to me—what the net cost is of that franchise being ended? That is, what money will the Treasury not receive as a result of that franchise being ended that it would otherwise have received?
I will certainly have another go at that. The noble Baroness is quite right: the franchise was originally due to end in 2023 and it will now end in 2020, when the east coast partnership will take over. As I said, the current franchise owners have made a commitment and we will hold them to it. I will come back to the noble Baroness on costs.