Written question asked by Tom Brake (Liberal Democrat) on Thursday, 11 June 1998, in the House of Commons. It was due for an answer on Monday, 22 June 1998. It was answered by Glenda Jackson (Labour) on Monday, 22 June 1998 on behalf of the Department of the Environment, Transport and the Regions.

Dept of the Environment Transport and the Regions

Question: To ask the Secretary of State for the Environment, Transport and the Regions, pursuant to his Answer of 9th June, 313 c515-6W, concerning London Underground, if the contracts drawn up with Price Waterhouse and Freshfields to provide, respectively, financial and legal advice are fixed price contracts; and what the value or estimated value is of these contracts.

Answer: Mr. Brake: To ask the Secretary of State for the Environment, Transport and the Regions, pursuant to his answer of 9 June 1998, Official Report, columns 515-16, concerning London Underground, if the contracts drawn up with Price Waterhouse and Freshfields to provide, respectively, financial and legal advice are fixed price contracts; and what the value or estimated value is of these contracts. [46131] Ms Glenda Jackson: The contracts which have been drawn up with Freshfields and Price Waterhouse to provide advice jointly to the Government and London Transport on implementing a Public/Private Partnership for London Underground are not fixed price contracts. For reasons of commercial confidentiality, it is not possible to give a figure for the estimated value of the contracts. We will, of course, report aggregate figures for the total cost of advice on implementing the Public/Private Partnership in due course.

Secondary information

Type: Written question
Reference: 314 c362W; 46131
Session: 1997-98
Subjects: Contracts Joint ventures Private sector Public sector London Underground Underground railways Price Waterhouse Freshfields