Part of the debate – in the House of Commons am 12:00 am ar 5 Rhagfyr 1973.
I do not want to nag on this subject. I turn to the next matter—the question of assets and the capital market.
Supposing that there is only a rail project, as has been argued, I am not quite clear why the private capital market has to be brought into it. Perhaps I may be allowed to check some facts. Is it true, following the report of 10th October—which was leaked to the Conservation Society—that in the initial stages a rail project would cost 30 per cent. less to operate than the rolling motorway, and 85 per cent. less over a period of years? Is that anything like a correct figure? Is it true that a rail-only tunnel is likely to make a profit from the first year?