Written question asked by Nigel Spearing (Labour), in the House of Commons. It was due for an answer on Monday, 3 March 1997. It was answered by John Bowis (Conservative) on Monday, 3 March 1997 on behalf of the Department of Transport.

Dept of Transport

Question: Pursuant to his oral statement of 25th February, Official Report, columns 149-164, on London Underground, from what source he estimates any privatised section of the activities of London Underground will provide funds for paying interest on capital borrowings (a) prior to and (b) subsequent to the completion of payment of receipts from shares being invested in capital improvements to improve structure or equipment.

Answer: Mr. Spearing: To ask the Secretary of State for Transport, pursuant to his oral statement of 25 February, Official Report, columns 149-64, on London Underground from what source he estimates that any privatised section of the activities of London Underground will provide funds for paying interest on capital borrowings (a) prior to and (b) subsequent to the completion of payment of receipts from shares being invested in capital improvements to improve structure or equipment. [18347] Mr. Bowis: This would depend on the structure for privatisation chosen and on the arrangements made by the private sector operator concerned.

Secondary information