10 Year Plan Public Expenditure and Private
Investment (£m, Outturn Prices prices)
Table A
PUBLIC INVESTMENT
| |
2001-02 | 2002-03
| 2003-04 | 2004-05
| 2005-06 | 2006-07
| 2007-08 | 2008-09
| 2009-10 | 2010-11
| 2001-02 to
2010-11
|
| Strategic Roads | 1,000
| 1,135 | 1,150
| 1,239 | 1,132
| 1,291 | 1,462
| 1,682 | 1,725
| 1,745 | 13,560
|
| Rail | 625 |
1,448 | 2,521
| 2,438 | 2,934
| 2,671 | 2,212
| 1,312 | 1,221
| 1,245 | 18,627
|
| Local Transport | 1,326
| 1,517 | 1,658
| 1,923 | 1,907
| 2,085 | 2,180
| 2,189 | 2,202
| 2,231 | 19,218
|
| London | 1,015
| 762 | 932
| 894 | 730
| 689 | 700
| 687 | 698
| 715 | 7,822
|
| Other | 119 |
62 | 62
| 62 | 62
| 62 | 62
| 62 | 62
| 63 | 681
|
| Unallocated | 0
| 0 | 0
| 70 | 71
| 59 | 659
| 1,546 | 1,978
| 2,301 | 6,685
|
| Total | 4,085
| 4,924 | 6,323
| 6,626 | 6,837
| 6,858 | 7,275
| 7,478 | 7,887
| 8,299 | 66,592
|
Table B
PUBLIC RESOURCE EXPENDITURE EXCLUDING REVENUE SUPPORT
FOR PRIVATE INVESTMENT
| | 2001-02
| 2002-03 | 2003-04
| 2004-05 | 2005-06
| 2006-07 | 2007-08
| 2008-09 | 2009-10
| 2010-11 | 2001-02 to
2010-11
|
| Strategic Roads | 415
| 433 | 479
| 536 | 550
| 499 | 522
| 513 | 505
| 525 | 4,975
|
| Rail | 1,589
| 1,361 | 1,382
| 1,401 | 1,333
| 1,150 | 1,005
| 1,035 | 856
| 788 | 11,900
|
| Local Transport | 2,733
| 2,864 | 2,932
| 2,996 | 3,044
| 3,095 | 3,135
| 3,191 | 3,239
| 3,293 | 30,521
|
| London | 613
| 689 | 727
| 757 | 760
| 767 | 772
| 781 | 788
| 777 | 7,431
|
| Local Charging Revenue | 0
| 0 | 0
| 153 | 313
| 359 | 399
| 452 | 502
| 508 | 2,686
|
| Other | 132 |
128 | 135
| 149 | 151
| 153 | 155
| 157 | 159
| 161 | 1,480
|
| Unallocated | 0
| 0 | 0
| 0 | 0
| 0 | 0
| 0 | 0
| 0 | 0
|
| Total | 5,482
| 5,475 | 5,656
| 5,991 | 6,150
| 6,022 | 5,988
| 6,128 | 6,048
| 6,051 | 58,992
|
Table C
PRIVATE INVESTMENT
| | 2001-02
| 2002-03 | 2003-04
| 2004-05 | 2005-06
| 2006-07 | 2007-08
| 2008-09 | 2009-10
| 2010-11 | 2001-02 to
2010-11
|
| Strategic Roads | 173
| 223 | 242
| 150 | 325
| 425 | 400
| 300 | 200
| 200 | 2,638
|
| Rail | 3,655
| 3,747 | 3,787
| 3,956 | 3,158
| 3,147 | 3,116
| 3,168 | 3,254
| 3,359 | 34,347
|
| Local Transport | 559
| 675 | 781
| 862 | 953
| 1,049 | 1,058
| 1,045 | 995
| 995 | 8,971
|
| London | 722
| 704 | 657
| 610 | 1,047
| 1,440 | 1,632
| 1,475 | 1,251
| 825 | 10,364
|
| Other | 0 |
0 | 0
| 0 | 0
| 0 | 0
| 0 | 0
| 0 | 0
|
| Unallocated | 0
| 0 | 0
| 0 | 0
| 0 | 0
| 0 | 0
| 0 | 0
|
| Total | 5,109
| 5,349 | 5,467
| 5,578 | 5,483
| 6,061 | 6,205
| 5,988 | 5,700
| 5,379 | 56,320
|
Table D
REVENUE SUPPORT FOR PRIVATE INVESTMENT
| | 2001-02
| 2002-03 | 2003-04
| 2004-05 | 2005-06
| 2006-07 | 2007-08
| 2008-09 | 2009-10
| 2010-11 | 2001-02 to
2010-11
|
| Strategic Roads | 206
| 220 | 239
| 261 | 353
| 447 | 454
| 517 | 604
| 609 | 3,910
|
| Rail | 0 |
12 | 50
| 101 | 187
| 337 | 430
| 531 | 633
| 726 | 3,007
|
| Local Transport | 0
| 0 | 8
| 27 | 57
| 102 | 162
| 237 | 312
| 387 | 1,292
|
| London | 0 |
0 | 0
| 28 | 29
| 29 | 30
| 33 | 48
| 50 | 246
|
| Other | 0 |
0 | 0
| 0 | 0
| 0 | 0
| 0 | 0
| 0 | 0
|
| Unallocated | 0
| 0 | 0
| 0 | 0
| 0 | 0
| 0 | 0
| 0 | 0
|
| Total | 206 |
232 | 297
| 417 | 626
| 915 | 1,076
| 1,318 | 1,597
| 1,772 | 8,455
|
RAIL FUNDING
AND INVESTMENT
FIGURES
It may be helpful to the Committee to offer some further
clarification of the current position on rail funding and investment
figures to supplement that given in earlier evidence.
Funding
6. The 10 Year Plan for Transport spending totals, as
subsequently increased and reflected in the Strategic Rail Authority's
Strategic Plan, include £33.5 billion of public sector support
and investment for the rail industry over the 10 years to 31 March
2011. This total has increased from £29 billion originally
in the 10 Year Plan, £2.3 billion coming from the unallocated
provision in the Plan, and £2.2 billion being new and additional
funding.
7. This £33.5 billion public sector funding total
is classified as:
£18.6 billion of public sector capital support,
£11.9 billion of public sector revenue support,
£3 billion of direct public sector revenue support
for private investment.
8. The £33.5 billion of public sector funding will
work in partnership with an estimated £34.3 billion of private
investment to deliver our 10 Year Plan objectives for rail. However,
when totalling combining the two contributions it is necessary
to subtract the £3 billion of direct public revenue support
for private investment to avoid any double counting.
9. This produces a total funding level for the rail industry
over the 10 Years to 31 March 2011 of £64.9 billion (ie £33.5
billion plus £34.3 billion minus £3 billion, rounded
to nearest decimal place).
INVESTMENT
10. Within the overall funding total it is anticipated
that there will be a total capital investment in rail of £52.9
billion (increased from £49 billion in the 10 Year Plan).
This £52.9 billion is broken down as:
— £34.3 billion private investment.
— £18.6 billion public sector capital support.
11. The anticipated investment includes infrastructure
enhancements, infrastructure renewals, rolling-stock, the CTRL
and freight specific investments.
12. Of the £18.6 billion public capital total, £10.5
billion has been contractually committed across the 10 Year Plan
period (for network grants and for the CTRL). The remaining £8.1
billion has not yet been committed. Possible areas or projects
to support have been identified for some of this funding, though
they will need to be taken forward through commercial negotiations.
13. Already, well over £6 billion of private investment
has been committed, including over £470 million of new private
sector investment with the new Chiltern franchise and the GNER
two-year extension. Further private investment will work in partnership
with public sector funding through different mechanisms tailored
for the particular type of investment project. These mechanisms
will include Special Purpose Vehicles, the re-franchising process
and Government capital grants.
14. Generating the level of private investment envisaged
is reliant upon all of the public sector funding identified. In
line with the figures provided above, page 25 of the SRA Strategic
Plan specifically identifies £7.5 billion for "levering
in the new commitments that will deliver the short and medium
term priorities". However, as also mentioned on page 25,
this is in addition to the other £26 billion of public sector
funding that supports much of the private sector investment and
also provides the platform on which the further private investment
is sought.
DTLR
April 2002
|
