Southeastern: Emergency Recovery Measures Agreements

(asked on 11th October 2022) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, on what date in 2021 her Department approved the payment of a £30,000,000 dividend by London and Southeastern Railways Ltd under the terms of its Emergency Measures Agreement.


Answered by
Kevin Foster Portrait
Kevin Foster
This question was answered on 19th October 2022

London and South Eastern Railway Limited (LSER) were within the contractual financial ratios and the Department was not required to give approval to allow it to make the dividend payment.

The dividend payment was therefore a matter for LSER and its owning group.

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