Supplementary memorandum by the Strategic
Rail Authority (PRF 39B)
RAILTRACK, 1999-2000 TO
The Shadow Strategic Rail Authority and Strategic
Rail Authority were established under the Chairmanship of Sir
Alastair Morton from 1 April 1999 and 1 February 2001 respectively.
(1) From 1 April 1999 until 31 March 2001,
private infrastructure investment by Railtrack totalled £4.029
billion. Private infrastructure expenditure is defined as being
all expenditure undertaken by Railtrack on renewals, backlog and
|Private infrastructure investment|
|Expenditure on renewals||1,209
|Expenditure on renewals||1,611
Source: Railtrack annual report 2000-01, p 66, note
Note: Data for the six months to 30 September 2001 are unavailable,
as Railtrack has yet to release interim accounts.
(2) In addition, private sector capital of £155
million was secured by train operating companies up to September
|6 months '01|
Source: TOC Statutory and management account reports.
(a) Data for the First Great Western, GNER, Midland Mainline
and Virgin Rail Group comprises capital expenditure on fixed assets
which has been reported. There is no reasonable breakdown of the
composition of the expenditure.
(b) Some franchises have different reporting years, for
these franchises data is included in accordance with reports made
(c) Data does not include expenditure by freight operating
companies. Since 1996, the freight operating companies have spent
in excess of £1 billion. The majority of this expenditure
has been undertaken over the last three years and has included
the purchase of new locomotives, wagons and customer centres.
In addition, since 1 April 1999, there has been private investment
expenditure under the Freight Facilities Grant (FFG) Scheme of
£20.6 million. The FFG provides capital funding towards rail
freight facilities such as sidings, terminals, wagons, handling
equipment (eg cranes). It provides a proportion of the funding,
with the private sector required to provide the rest. For example,
we generally award up to 75 per cent of the funds. It has to be
noted that there will be private sector funding which we are not
aware of, where companies have invested without coming for FFG.