Question to the Department for Transport:

To ask the Secretary of State for Transport, what assessment has been made of the effect of the proposed transfer of the Valley Lines to the Welsh Government on (a) funding, (b) debt and (c) liability for the Valley Lines.

The government, the Welsh Government and Network Rail have been working to develop an asset transfer agreement that represents a fair settlement to all parties for the proposed transfer. Agreement has been reached on the key principles and will be subject to detailed agreement in due course.