Lilian Greenwood – 2016 Parliamentary Question to the Department for Transport

The below Parliamentary question was asked by Lilian Greenwood on 2016-02-24.

To ask the Secretary of State for Transport, what the total cost to Network Rail was of acquiring the ownership of freight sites under Project Mountfield; and what overall revenue received by Network Rail from those sites in 2014-15.

Claire Perry

This was a commercial matter for Network Rail. I understand that the total cost to Network Rail of acquiring the ownership of freight sites under Project Mountfield was £220 million.

The overall revenue figure for 2014/15 was £5.2 million which represents a 5 month period – November to March – given the transfer of sites occurred in October 2014.

Network Rail is forecasting this to grow to £16 million per annum by 2017 alongside realising significant operational efficiencies.