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Railways: Franchises

Question for Department for Transport

UIN 60674, tabled on 17 June 2020

To ask the Secretary of State for Transport, whether each train company with a franchise agreement has been asked by his Department to provide information on its (a) balance sheet and (b) financing structure and policy.

Answered on

22 June 2020

The Emergency Measures Agreements (EMAs) continue existing Franchise Agreement obligations to require train operators to provide periodic management accounts to the Department. An equivalent obligation also applies to the two operators that are in direct public ownership. The management accounts include a periodic profit and loss account, balance sheet and cash flow statement.

Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.