Wednesday 30th March 2011
Read Hansard Text Read Debate Ministerial Extracts
(13 years, 1 month ago)
Written StatementsRead Hansard Text Read Debate Ministerial Extracts
The Secretary of State for Transport (Mr Philip Hammond)
Subject to parliamentary approval, the Department for Transport departmental expenditure limit (DEL) for 2010-11 will be amended as set out in the following table:
Change | NEW DEL | ||||
|---|---|---|---|---|---|
Voted | Non-voted | Voted | Non-voted | Total | |
Resource | -216,000 | 0 | 5,725,476 | 445,810 | 6,171,286 |
Of which | |||||
Administration budget | 0 | 0 | 263,948 | 2,154 | 266,102 |
Capital | +216,000 | 0 | 6,666,423 | 728,127 | 7,394,550 |
Depreciation1 | 0 | 0 | -802,365 | -34,224 | -836,589 |
Total | 0 | 11,589,534 | 1,139,713 | 12,729,247 | |
1Depreciation, which forms part of resource DEL, is excluded from the total DEL, since capital DEL includes capital spending and to include depreciation of those assets would lead to double counting. |
The switch between resource and capital expenditure limits is to cover the cost of funding various rail schemes directly following a review of the Network Rail regulated asset base.