Question to the Department for Transport:

To ask the Secretary of State for Transport, how much Network Rail will be permitted to borrow in Control Period 6.

The Statement of Funds Available, published 12 October 2017 made clear that, “Network Rail will not take loans or issue bonds from Government or any Third Party to fund the HLOS (“High Level Output Specification” for Control Period 6). In addition, Network Rail must refer to the ‘Network Rail Framework Agreement’ before entering into any financial transactions which may be classified as borrowing.”