Railways: Finance

(asked on 10th January 2024) - View Source

Question to the Department for Transport:

To ask His Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 21 December 2023 (HL1254), to what extent foregone revenue and delay repay compensation are taken into account when they are considering increasing the capacity of railway services.

Answered by
Lord Davies of Gower Portrait
Lord Davies of Gower
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 24th January 2024

The department considers a range of factors including demand, revenue impact, cost to taxpayers, network capacity and operational performance when considering whether to increase rail services. Delay repay compensation varies with operational performance and is not considered directly when assessing potential new services.

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