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East Coast Rail Franchise

Question for Department for Transport

UIN 216600, tabled on 1 December 2014

To ask the Secretary of State for Transport, what estimate his Department has made in (a) nominal and (b) current prices of Inter City Railways Ltd's annual premium payments from 2015-16 to 2023-24.

Answered on

4 December 2014

The total premium payable to government by Inter City Railways Limited over the 8 year term of the new InterCity East Coast franchise is (a) £3.3bn in nominal terms; and (b) £2.35bn in Net Present Value (Premium payments in real terms discounted at 3.5%).

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