Transport written question – answered at on 12 October 2011.
To ask the Secretary of State for Transport
(1) what estimate he has made of the costs incurred by municipal bus companies as a result of being restricted to borrowing only from local authorities;
(2) what consideration he has give to bringing forward legislative proposals to amend the Transport Act 1985 to allow municipal bus companies to borrow on the open market; and if he will make a statement.
Bus companies have been restricted to borrowing only from local authorities since 1986, following deregulation and privatisation of bus operators in Great Britain outside London. I currently have no plans to bring forward legislative proposals to amend the Transport Act 1985 to allow municipal bus companies to borrow on the open market. I have therefore made no estimate of any costs incurred by municipal bus companies as a result of being restricted to borrowing only from their controlling local authorities.
Yes1 person thinks so
No1 person thinks not
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