Railways: BRB (Residuary) Ltd

House of Lords written question – answered on 28th June 2012.

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Photo of Lord Berkeley Lord Berkeley Labour

To ask Her Majesty's Government, further to the Written Answer by Earl Attlee on 18 June (WA 279), what is the cost of transferring landholdings from BRB (Residuary) Ltd to London and Continental Railways Ltd; and what interest the latter has in the site in Uckfield, West Sussex.

Photo of Earl Attlee Earl Attlee Lords Spokesperson (Department for Transport), Lord in Waiting (HM Household) (Whip)

The transfer of landholdings from BRB (Residuary) (BRBR) to London and Continental Railways Limited (LCR) will not incur any specific cost beyond that already due to be incurred in the abolition of BRBR. As a residuary board, it has always been the Government's intention to wind-up BRBR at the appropriate time. To do so now, by way of the Public Bodies Act 2011, means that this can be achieved without incurring the significant conveyancing costs that would be involved in a private transfer to LCR.

LCR currently has no property interest in the Uckfield site.

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