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Heathrow Airport: Collapse of Tunnels

Lord Berkeley asked Her Majesty's Government:

The Parliamentary Under-Secretary of State, Department of Transport (Viscount Goschen): No. My honourable friend did not make such a statement on 21st May. The Government have made no payment in respect of costs due to the collapse of the tunnels at Heathrow Airport Central Terminal Area.

British Rail: Sale of Companies

Lord Berkeley asked Her Majesty's Government:

Viscount Goschen: The table below lists those companies previously owned by British Rail which have either been sold or franchised since the Railways Act 1993 received Royal Assent on 3rd November 1993.

Franchises have been awarded as time limited contracts to run services. They do not involve the sale of the relevant business. The transfer to the private sector of European Passenger Services Ltd. and Union Railways Ltd. took place as part of the Channel Tunnel Rail Link Project, details of which are set out in the Explanatory Memorandum which was placed in the Library of the House on 8th March 1996.

The flotation of Railtrack plc will realise proceeds of £1.93 billion, assuming the full exercise of over-allotment options. The sale of the three rolling stock leasing companies realised the sum of some £1,822 million (£598 million for Eversholt Leasing Ltd., £528 million for Porterbrook Leasing Ltd. and £696 million for Angel Train Contracts Ltd.).

Of the sales conducted directly by British Rail, prices were £132.75 million for BR Telecommunications Ltd., £11.15 million for OBS Ltd., £0.47 million for Ditton Timber Treatment Works and £1.125 million for Baileyfield Switches and Crossings Ltd.

Individual prices for other sales by British Rail will be disclosed as soon as there is no risk that this could prejudice disposals yet to be completed. Gross proceeds to 10th June 1996, subject to post-completion adjustments, from these other sales by British Rail amount to £523 million. This covers six freight businesses, the seven divisions of BR Maintenance Limited, 11 Central Services businesses and 19 BR Infrastructure Services businesses.

12 Jun 1996 : Column WA172

Sales/Franchises awarded--as at 10th June 1996

Franchises
Great Western Holdings Ltd. (Great Western)Awarded 19th December 1995
Stagecoach Holdings plc Ltd. (South West Trains)Awarded 18th December 1995
Both commenced operations on 4th February 1996
GNR (InterCity East Coast)Awarded 29th March 1996
National Express Group plc (Gatwick Express)Awarded 3rd April 1996
National Express Group plc (Midland Main Line)Awarded 22nd April 1996
All three commenced operations on 28th April 1996
London & South Coast Ltd. (Network South Central)Awarded 11th April 1996
Prism Rail plc (L T & S)Awarded 8th May 1996
Both commenced operations on 26th May 1996
Channel Tunnel Rail Link Project
Union Railways Ltd.Transfer to London & Continental Railways 31st May 1996
European Passenger Services Ltd.Transfer to London & Continental Railways 31st May 1996
Companies Sold
Railtrack plcStock market flotation 20th May 1996
Freight and Parcels
Red StarSold 5th September 1995
Rail express systems Ltd.Sold 9th December 1995
Trainload Freight businessesSold 24th February 1996
-- Loadhaul Freight Ltd.
-- Mainline Freight Ltd.
-- Transrail Freight Ltd.
Freightliner (1995) Ltd.Sold 25th May 1996
Rolling Stock Leasing Companies
Porterbrook Leasing Ltd.Sale completed 8th January 1996
Angel Train Contracts Ltd.Sale completed 17th January 1996
Eversholt Leasing Ltd.Sale completed 2nd February 1996
BR Infrastructure Companies
Scotland Track Renewals Co. Ltd.Sold 8th February 1996
Scotland Infrastructure Maintenance Co. Ltd.Sold 14th February 1996
Central Track Renewals Co. Ltd.Sold 29th February 1996
Western Infrastructure Maintenance Co. Ltd.Contracts exchanged 7th March 1996, completed 25th March 1996
Central Infrastructure Maintenance Co. Ltd.Contracts exchanged 7th March 1996, completed 19th April 1996
Eastern Track Renewals Co. Ltd.Sold 15th March 1996
Southern Track Renewal Co. Ltd.Sold 2nd April 1996
South East Infrastructure Maintenance Co. Ltd.Sold 2nd April 1996
Eastern Infrastructure Maintenance Co. Ltd.Sold 2nd April 1996
South West Infrastructure Maintenance Co. Ltd.Sold 18th April 1996
Northern Infrastructure Maintenance Co. Ltd.Contracts exchanged 21st May 1996
North Track Renewal Co. Ltd.Sold 23rd May 1996
BR Infrastructure Services Design Office
DCU BirminghamSold 25th July 1995
Mainline SwindonSold 18th August 1995
IDG GlasgowSold 18th August 1995
BPE Mechanical and Engineering Consultancy, DoncasterSold 15th September 1995
Civil Engineering Design Group, YorkSold 15th September 1995
Powertrack Engineering Company LimitedSold 15th December 1995
CEDAC London LimitedSold 15th December 1995
BR Maintenance Ltd.
Swindon Electronic Service CentreSold 11th April 1995
Chart Leacon (Ashford),Sold 5th June 1995
Ilford, and Doncaster DepotsSold 5th June 1995
Wolverton, and Springburn (Glasgow) DepotsSold 6th June 1995
Eastleigh DepotSold 7th June 1995
BR Central Services
Meldon Quarry Ltd.Sold February 1994
Baileyfield Switches and Crossings WorksSold 7th July 1995
Ditton Timber Treatment WorksSold 1st September 1995
Quality and Safety Services Ltd.Sold 10th November 1995
Railways Occupational Health Ltd.Sold 30th November 1995
Signalling Control (UK) Ltd.Sold 1st December 1995
Interlogic Control Engineering Ltd.Sold 4th January 1996
Castleton Long Welded Rail & Track WorksSold 14th March 1996
The Engineering Link Ltd.Sold 18th March 1996
Interfleet Technology Ltd.Sold 22nd March 1996
College of Railway TechnologySold 29th March 1996
Network Train Engineering Services Ltd.Sold 1st April 1996
Other Businesses
Special Trains UnitSale completed 31st March 1995
BR Telecommunications Ltd.Sale completed 21st December 1995
OBS Services Ltd.Sold 3rd October 1995

12 Jun 1996 : Column WA174



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