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166848
registered interest false more like this
date remove filter
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 East Coast Rail Franchise more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government what is their estimate of the annual profits to be made by the successful bidders for the East Coast rail franchise. more like this
tabling member printed
Lord Beecham more like this
uin HL3266 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-12-09more like thismore than 2014-12-09
answer text <p>The level of profit bid by Inter City Railways Limited is commercially sensitive. It is not guaranteed and is commensurate with the risks associated with a franchise of this size and nature. The Government has put in place a profit cap and profit sharing mechanism to prevent any possibility of “over-compensation”.</p> more like this
answering member printed Baroness Kramer more like this
question first answered
less than 2014-12-09T13:04:24.867Zmore like thismore than 2014-12-09T13:04:24.867Z
answering member
1557
label Biography information for Baroness Kramer more like this
tabling member
4181
label Biography information for Lord Beecham more like this