Select Committee on Transport, Local Government and the Regions Appendices to the Minutes of Evidence


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



 
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