Friday 14 May 2021

 

< back | business | images | knowledge | library | rail unveiled | home

archive

::: First of new West Midlands trams arrives



Railhub Archive
2014-04-23 DMO-001
United Kingdom Debt Management Office

0

Network Rail borrowing


keywords: click to search


United Kingdom Debt Management Office



Phrases in [single square brackets] are hyperlinks in the original document

Phrases in [[double square brackets]] are editorial additions or corrections

Phrases in [[[triple square brackets]]] indicate embedded images or graphics in the original document. (These are not usually archived unless they contain significant additional information.)


United Kingdom Debt Management Office

Network Rail borrowing
_______________________________________________________________


related documents


2013-12-17 ONS decision on the classification of Network Rail (Department for Transport)

2013-12-17 Network Rail classification (Office for National Statistics)

2014-04-29 Contingencies fund advance (Department for Transport)

_______________________________________________________________


date
23 April 2014
source United Kingdom Debt Management Office
type Written statement



It was announced in December 2013 that the Government, the Office of the Rail Regulator and Network Rail would explore whether alternative approaches or refinements to Network Rail’s current borrowing model could deliver a more efficient approach, and if so from what point in time these might be introduced. The Government has now determined that, in future, value for money for the taxpayer will best be secured by Network Rail borrowing directly from the Government, rather than by Network Rail issuing debt in its own name. The Department for Transport and Network Rail are discussing details of a possible loan arrangement in advance of Network Rail’s formal reclassification to the public sector in September 2014. The Government’s current expectation is that it may lend up to £6.5 billion to Network Rail during the 2014-15 financial year. It is therefore factoring this into its financing plans.

Extracted from CGNCR OUTTURN 2013-14: REVISION TO THE DMO’S FINANCING REMIT 2014-15 (UK Debt Management Office, 23 April 2014)



Railhub Archive ::: 2014-04-23 DMO-001





Friday
14




Not logged on
Visitor










482 stories



2 documents



32 collections





6 documents



7 documents