Network Rail: Debts

(asked on 12th February 2020) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, pursuant to the Answer of 11 February 2020 to Question 11642 on Network Rail: Debts, what assessment he has made of the effect of Network Rail’s current level of debt on its ability to allocate future funding for rail infrastructure.


Answered by
Chris Heaton-Harris Portrait
Chris Heaton-Harris
Secretary of State for Northern Ireland
This question was answered on 24th February 2020

The level of funding provided for operating, maintaining and renewing the railway is set ahead of each Railway Control Period through the Statement of Funds Available (SoFA) in line with the High-Level Output Specification (HLOS), which is a statement of what the Secretary of State for Transport wants to be achieved by railway activities during that control period. As noted in the Statement of Funds Available 2017, Government ensures that adequate funding is provided to meet NR’s debt obligations, out-with the SoFA process.

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