---

Railways: Jubilee Line

Answer

Approval to begin construction of the Jubilee line extension (JLE) was given to London Regional Transport in October 1993. The contributions paid by private companies towards the costs of the JLE were subject to the agreements between London Underground Limited (LUL) and those companies. I am advised by LUL that agreement was reached between LUL and Olympia & York (later Canary Wharf Limited (CWL)) in 1993 that CWL would provide £398 million in total towards the JLE. This consisted of payments before and during the construction of the JLE and for 25 years after its opening. Payments totalling £145 million were made by CWL. The 1993 agreement was renegotiated in 1999 so that CWL would make an earlier single payment in the order of £50 million in 2000, which sum had an equivalent value to the net amount outstanding under the 1993 agreement. It also provided that the extension would open at a specified time and with a certain capacity that would increase over time. In 2003, a further agreement was reached between LUL and CWL that in satisfaction of rebates of £95 million due to CWL in respect of its contribution, LUL would deliver specified improvements to the Jubilee line or face penalties. These improvements include the additional capacity at Canary Wharf station provided in 2004, the seventh car for existing trains provided in 2005 and the introduction of new signalling and train control systems by 2009. In 1990, an agreement was reached between LUL and British Gas regarding the JLE and in particular North Greenwich, which consisted of cash and benefits in kind that were estimated to have a value of around £25 million in 1989.

Secondary information

Type

Written question

Reference

322; 696 c124-5WA

Session

2007-08

Subjects

Construction Finance Jubilee line Private sector London Underground Underground railways

Contains statistics

Yes

Link

View this Written question on www.publications.parliament.uk