Frequently Asked Questions - What will happen to Network Rail’s debt, which is currently guaranteed by the Westminster Government?
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An independent Scotland will continue to meet its rail financing obligations – including the servicing of regulatory debt for Scotland. This is in line with the determination made by the Office of Rail Regulation for the period 2014 to 2019. The Scottish Government will continue to meet any obligations with respect to the financing of Network Rail in Scotland, and, if required, the Scottish Government will provide its own Financial Indemnity Mechanism (FIM) to support this. Under these circumstances Network Rail would pay a fee to the Scottish Government to reflect the benefit it received from the FIM.
Source: Scotland's Future, Scottish Government, November 2013.