DRAFT REGULATORY REFORM (BRITISH WATERWAYS
BOARD) ORDER 2003|
On 13 January 2003, the Government laid before Parliament
a proposal for a draft Regulatory Reform (British Waterways Board)
Order 2003, together with a Statement by the Department for Environment,
Food and Rural Affairs. We reported on the Government's proposals
on 19 March 2003.
The purpose of the order is to enable the British
Waterways Board ("the Board") to carry out an increased
range of activities (by amending section 10(3) of the Transport
Act 1962) and to clarify that the borrowing of a company formed
by the Board (but which is not its subsidiary) does not count
towards the Board's overall borrowing limit (by amending section
50 of the Transport Act 1968). These measures are intended to
remove certain constraints on the operation of Water Grid Ltd,
a joint venture company involving the Board, Partnership (UK),
Anglian Water and Bristol Water.
In our earlier report, we recommended no changes
to the draft which we considered. Although the House of Commons
Regulatory Reform Committee raised points about certain environmental
issues, that Committee also recommended no changes to the draft.
No amendments have therefore been made to the draft by the Government.
In our first Report on this proposal, we concluded
that it was appropriate to be made under the Regulatory Reform
Act 2001. We remain of this view, and therefore recommend that
the order, as it now stands, is in a form satisfactory to be submitted
to the House for affirmative resolution.
7 15th Report, HL Paper 77, Session 2002-03. Back