Written question asked by Alan Simpson (Labour) on Wednesday, 11 October 2006, in the House of Commons. It was due for an answer on Monday, 16 October 2006. It was answered by Tom Harris (Labour) on Wednesday, 25 October 2006 on behalf of the Department for Transport.

Nottingham NET Tram System

Question: To ask the Secretary of State for Transport what the change in estimated costs for lines two and three has been of the Nottingham NET tram system since his Department accepted the final submission.

Answer: We received the final information from the promoters in response to our questions in spring this year. At that time, the promoters estimated that the scheme would require central Government funding of £422 million PFI credits, and a local contribution of £140.6 million (in present value).Today we approved programme entry for the NET extensions, with central Government funding of £437 million PFI credits, on the basis of the promoter’s latest estimates. The latest estimate for the required local contribution is £141.0 million (in present value).

Secondary information