1996-01-09 Sale of first rolling stock leasing company completed (Department of Transport)

1995-11-09 Britain creates new train leasing market with #1.8 billion sale (Department of Transport)

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date 14 February 1996
source Department of Transport
type Press release

note 45

The Government has accepted the final decisions and route
recommendations of the Channel Tunnel Rail Link Select Committee said
John Watts, Minister for Railways and Roads, today.

Responding to the statement made by Select Committee Chairman, Sir
Anthony Durant MP, Mr Watts said:

"I am pleased that I have been able to meet the Committee's wishes.
Not a single decision or recommendation has been rejected.

"This now paves the way for real progress to be made on this project
of historic importance and I look forward to seeing the completion of
its final stages in the near future.

Recommendations approved by the Government include:

-The establishment of an interdepartmental review of the scope,
causes and effects of blight arising during the various stages of
major infrastructure projects in order to ascertain whether any
practical changes can be made to the existing national arrangements
for property purchase and compensation.

- the acceptance of the Promoters' Developed Scheme, a new approach
to St Pancras Station, which will meet local environmental concerns
with fewer technical difficulties;

- the lowering of the line within the Boxley Valley.

The CTRL Bill has now completed its Select Committee stage. The
Select Committee is expected to report the Bill shortly and to
publish its Special Report soon afterwards. The Special Report will
provide more detail on the decisions reached by the Committee.
Subject to the Parliamentary timetable, the CTRL Bill should commence
its consideration by a Standing Committee of the House of Commons
next month.

NOTES TO EDITORS

1. The Channel Tunnel Rail Link will be a 67 mile (108 kilometre)
high-speed railway between London and the Channel Tunnel for both
international and domestic passenger services. The cost was
estimated in 1993 at #2.7 billion. The Government will provide a
substantial financial contribution in recognition of the domestic
transport and regeneration benefits and also the very large benefits
to international passengers.

# = pounds sterling

Railhub Archive ::: 1996-02-14 DoT-001