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1129491
registered interest false more like this
date less than 2019-06-04more like thismore than 2019-06-04
answering body
Department for Transport more like this
answering dept id 27 more like this
answering dept short name Transport more like this
answering dept sort name Transport more like this
hansard heading Heathrow Airport: Railways more like this
house id 2 more like this
legislature
25277
pref label House of Lords remove filter
question text To ask Her Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 29 May (HL15705), whether any privately funded rail scheme developed under the Market Soundings Finding Report that relies on a guarantee of franchised train operation usage complies with its funding criteria and, if not, whether the only schemes that can comply will be those on which only privately operated open access services run; how many of such schemes on which only open access operators will operate have been submitted; and whether this condition was clearly set out in the invitation to companies to submit schemes. more like this
tabling member printed
Lord Berkeley more like this
uin HL15976 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-06-17more like thismore than 2019-06-17
answer text <p>The market sounding exercise undertaken last year did not seek specific schemes to be submitted. The exercise sought to gauge market appetite for the taking of risk in relation to the design, construction, financing and funding of a new southern rail scheme to Heathrow Airport. The briefing document published as part of the market sounding did make clear that for schemes to be considered true market led proposals, full risk would have to be borne by the private sector. This includes the acceptance of revenue risk without requiring undertakings or guarantees by government including of future train usage.</p> more like this
answering member printed Baroness Vere of Norbiton more like this
question first answered
remove filter
answering member
4580
label Biography information for Baroness Vere of Norbiton remove filter
tabling member
3526
label Biography information for Lord Berkeley more like this