London to Midlands Rail Link

Part of Oral Answers to Questions — Transport – in the House of Commons at 2:35 pm on 29th November 1993.

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Photo of Mr John MacGregor Mr John MacGregor Chair, Privileges Committee, The Secretary of State for Transport, Chair, Privileges Committee 2:35 pm, 29th November 1993

I am sure that my hon. Friend recognises the £6 billion of investment that British Rail has made in the past five years. There has certainly been no shortage of investment; the question has been priorities. I assure my hon. Friend that we have been getting on with the study by the financial advisers and I hope to be able to make an announcement shortly. The extent to which we are successful in making the west coast main line infrastructure programme a joint venture involving private finance will determine whether we shall be able to release more of the available resources for other parts of the BR infrastructure.