Railways
Transport
Dominic Raab (Esher and Walton, Conservative)
To ask the Secretary of State for Transport, with reference to the High Level Output Specification announced on 16 July 2012, how much of the funding will be provided by (a) the Exchequer and (b) fare-payers in (i) cash and (ii) percentage terms; and what the effect of this expenditure will be on Network Rail's debt level.
Norman Baker (Parliamentary Under Secretary of State (Regional and Local Transport), Transport; Lewes, Liberal Democrat)
Exchequer funding for the railway in England and Wales is set out in Table 1 of High Level Output Specification:
http://assets.dft.gov.uk/publications/hlos-2012/railways-act-2005.pdf
Future fare-box revenue is a commercial matter for the train operators and will depend on the bids received for franchise competitions.
The level of Network Rail's debt is a matter for Network Rail within the limits set by its regulator.