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United Kingdom · Question · Written question

UIN 94523

Train Operating Companies: Finance

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

23 September 2020

Last action

1 October 2020 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

1 October 2020

Summary

To ask the Secretary of State for Transport, with reference to the Written Statement of 21 September 2020, HCWS460 on Rail Update, what estimate he has made of the level of debt that operating companies on Emergency Recovery Measures Agreements have to th

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Timeline

  1. 23 September 2020

    Written question

    To ask the Secretary of State for Transport, with reference to the Written Statement of 21 September 2020, HCWS460 on Rail Update, what estimate he has made of the level of debt that operating companies on Emergency Recovery Measures Agreements have to th

    Source: Commons

  2. 1 October 2020

    Answer

    The Emergency Recovery Measures Agreements (ERMAs) and underlying franchises contain a number of protections. Franchisees have obligations to settle any payments or debts owed to the Government in a timely manner. Shareholder distributions are restricted ...

    Source: Written answer

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