Private Finance Initiative

Part of Oral Answers to Questions — Transport – in the House of Commons at 12:00 am on 10 February 1997.

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Photo of George Young George Young Secretary of State for Transport 12:00, 10 February 1997

The Director of Passenger Rail Franchising announced on Friday night that a preferred bidder had been identified. I hope that that deal will be finalised in the next few weeks; we will then see whether the benefits of franchising that we have seen in the rest of the country can be extended to that most important line.