British Rail Board (Residuary) Ltd: Assets

Transport written question – answered on 22nd November 2010.

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Photo of Tom Brake Tom Brake Liberal Democrat, Carshalton and Wallington 22nd November 2010

To ask the Secretary of State for Transport what timetable he has set for the disposal of British Rail Board (Residuary) Ltd assets.

Photo of Theresa Villiers Theresa Villiers The Minister of State, Department for Transport 22nd November 2010

BRB (Residuary) Ltd continues to pursue its agreed strategy of disposing of non-operational assets that have no potential future transport use in such a way and to a timescale to secure best possible value to the taxpayer. As such it is not appropriate to set a specific timetable for the disposal of these assets.

Many of the assets that BRB (Residuary) Ltd holds carry indefinite statutory responsibilities. On the winding up BRB (Residuary) Ltd these and any other remaining assets will transfer to the direct control of the Department for Transport.

It is difficult to assess the future supply of UCO biodiesel. WRAP (Waste and Resources Action Programme) estimate that approximately 250,000 tonnes of cooking oil are produced every year in the UK and the Renewable Fuels Agency collect data on the volume of UCO biodiesel supplied under the RTFO. The supply of UCO biodiesel in the future will depend on the competitiveness of UCO suppliers within the market compared to diesel and other sectors, including the animal feed industry and power generation.

Ministers have had no recent representations from UCO suppliers. However, Department for Transport officials recently met with the UK Sustainable Biodiesel Association who represent many small UCO suppliers.

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