Department for Transport written question – answered at on 24 February 2020.
Andy McDonald
Shadow Secretary of State for Transport
To ask the Secretary of State for Transport, pursuant to the Answer of 11 February 2020 to Question 11642 on Network Rail: Debts, what assessment he has made of the effect of Network Rail’s current level of debt on its ability to allocate future funding for rail infrastructure.
Chris Heaton-Harris
Minister of State (Department for Transport)
The level of funding provided for operating, maintaining and renewing the railway is set ahead of each Railway Control Period through the Statement of Funds Available (SoFA) in line with the High-Level Output Specification (HLOS), which is a statement of what the Secretary of State for Transport wants to be achieved by railway activities during that control period. As noted in the Statement of Funds Available 2017, Government ensures that adequate funding is provided to meet NR’s debt obligations, out-with the SoFA process.
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