Payments to Train Operating Companies Debate

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Department: Department for Transport

Payments to Train Operating Companies

Lord Walney Excerpts
Tuesday 15th March 2022

(2 years, 8 months ago)

Lords Chamber
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Baroness Vere of Norbiton Portrait Baroness Vere of Norbiton (Con)
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I do not have that figure with me, but I will certainly write to the noble Lord with further details around Network Rail’s expectations for the coming years.

Lord Walney Portrait Lord Walney (CB)
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Does the reduction in passengers, which the Minister says may well be structural, not further endanger the investment case for HS2?

Baroness Vere of Norbiton Portrait Baroness Vere of Norbiton (Con)
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I do not think that is the case. Obviously there are various scenarios which we consider when we look at HS2. It is a very long-term strategic system. It connects many of our major cities across the country and, provided that we get local transport integrated with that investment with HS2, it will be successful.