Railtrack
Oral Answers to Questions — Transport, Local Government and the Regions
2:30 pm
Mr Gregory Barker (Bexhill and Battle, Conservative)
I listened carefully to the Minister's answer, but is not the real economic cost far higher? Taken together, more expensive financing, higher performance targets and tens of millions in lost efficiency savings will mean that the real cost of Railtrack administration will be £400 million this year, and more like £1.75 billion cumulatively to 2006. Given the Secretary of State's record for factual inaccuracy, would the Minister care to revisit his answer and tell the poor old British travelling public what the real cost of the Labour Railtrack fiasco will be?