Supplementary memorandum submitted by
the Department for Transport
Questions 158-159 (Mr Bacon):
Mr Bacon noted that Network Rail debt was around
£12.8 billion and queried why Table 14 on page 30 of the
NAO Report showed £9.19 billion. He asked whether further
debt had been drawn since 31 March 2003 (the date given in the
table).
As footnote 1 to Table 14 stated, the structure
of the Strategic Rail Authority's (SRA) support facilities has
also changed since that date.
Below is an update to Table 14. This has been
provided by the SRA. It shows the current structure of the SRA's
support facilities to Network Rail and the amounts drawn under
these facilities.
Network Rail updated finance arrangements
| SRA Facility |
Total available
(£ billion) |
Amount drawn at April 2004
(£ billion)
|
| Bridge | 5.5 | 1.25
|
| EIB/KfW | 1.05 | 1.05
|
| Medium Term Loan Notes | 6.5
| 6.5 |
| Commercial Paper Programme | 4.0
| 4.0 |
| Opco facility Tranche A | 4.0
| 0.0 |
Total
| 21.05
| 12.8 |
8 June 2004 |
| |
| 
