Written question asked by Lord Grayling (Conservative) on Monday, 11 February 2002, in the House of Commons. It was due for an answer on Monday, 18 March 2002. It was answered by David Jamieson (Labour) on Monday, 18 March 2002 on behalf of the Department for Transport, Local Government and the Regions.

Dept for Transport Local Government and the Regions

Question: To ask the Secretary of State for Transport, Local Government and the Regions, if he will make a statement on the level of government guarantees being provided to Metronet and Tube Lines for debt raised to fund investment in the underground. - Inc ref to 25 February 2002, 380 c786W.

Answer: Chris Grayling: To ask the Secretary of State for Transport, Local Government and the Regions if he will make a statement on the level of Government guarantees being provided to Metronet and Tube Lines for debt raised to fund investment in the underground. [36317] Mr. Jamieson: I refer the hon. Member to the reply I gave to the hon. Member for Truro and St. Austell (Matthew Taylor) on Monday 25 February 2002, Official Report, column 786W. No Government guarantee is being issued to Metronet and Tube Lines in respect of the debt they are raising to fund investment.

Secondary information

Type: Written question
Reference: 36317; 382 c18-9W;382 c17-8W
Session: 2001-02
Subjects: Debts Finance London Underground Public private partnerships Underground railways Metronet Tube Lines
Link: View this Written question on www.publications.parliament.uk