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Parliamentary Debates and Questions

S5W-00018: Willie Rennie (North East Fife)

Scottish Liberal Democrats

Date lodged: 12 May 2016

To ask the Scottish Government what the (a) interest rate, (b) timescale and (c) financial return for the companies would be in relation to the £10 billion of investment planned by China Railway No.3 Engineering Group and SinoFortone in projects across Scotland in accordance with the memorandum of understanding signed with the Scottish Government on 21 March 2016.

Answered by: Keith Brown 31 May 2016

The memorandum of understanding between the Scottish Government, China Railway No.3 Engineering Group and SinoFortone is focused on developing a working relationship to explore possible investment in Scotland. There is no confirmed investment and no legal or contractual obligations, any discussions on interest rates, timescales or financial return would only take place in the event of confirmed investment and would take place between the partners in any investment.