Question to the Department for Transport:

To ask the Secretary of State for Transport, pursuant to the Answer of 8 July 2021 to Question 27274 on Rolling Stock: Procurement, what estimate he has made of the trajectory of whole life rolling stock leasing costs on train fleets ordered since February 2016; and if he will make a statement.

In line with our published guidance on how to assess costs and benefits of government schemes and policies, DfT consider a whole life asset approach for estimating rolling stock appraisals.

The Department’s value for money framework for completing assessments and communicating to decision makers can be found at the following link: https://www.gov.uk/government/publications/dft-value-for-money-framework.