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Dept for Transport Local Government and the Regions

Answer

Harry Cohen: To ask the Secretary of State for Transport, Local Government and the Regions if he will publish the actual figures for the amounts the private sector is investing in London Transport under existing contracts. [2729] Mr. Jamieson: The following table shows estimates of the value of investment in London Transport through the existing London Underground Private Finance Initiative contracts. £ _________________________________________________________________________________________________. Contract name/Investment coverage Investment value{ 1} British Transport Police New HQ and BTP police station at Tottenham Court Road and a new 10 BTP station at West Ham Connect New stations and trains radio systems and communications 350 infrastructure Northern Line Trains Provision of new Northern Line train fleet 400 Power Network of substations and power distribution cables 100 Prestige Ticketing service infrastructure 150 Total investment value (£ billion) 1.01 _________________________________________________________________________________________________. {1} The investment value is not the actual amount the private sector is investing in London Transport. Instead it is London Transport's estimate of what investment in PFI projects would have cost had they done the investment themselves.

Secondary information

Type

Written question

Reference

2729; 371 c655W

Session

2001-02

Subjects

Finance Investment Private sector London Underground Public private partnerships Transport Underground railways London Transport

Contains statistics

Yes

Link

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