Transport written question – answered at on 21 June 2011.
To ask the Secretary of State for Transport how much funding from the public purse Directly Operated Railways Ltd received to run East Coast Main Line rail passenger services in each year from 2009 to 2011; and how much funding from the public purse will be allocated each year to 2013.
holding answer
No public subsidy has been made available to Directly Operated Railways Ltd (DOR) or the East Coast Main Line Company Ltd (ECML) since 2009.
However, a loan facility from the Secretary of State for Transport has been made available, on commercial terms, to DOR and ECML to provide working capital.
The principal outstanding as at
The loan is a revolving credit facility and as such DOR is free to repay all or part of it at any point prior to the termination of the Services Agreement.
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