Skip to main content

Metronet: Finance

Volume 463: debated on Monday 10 September 2007

To ask the Secretary of State for Transport pursuant to the answer to the hon. Member for Leyton and Wanstead (Harry Cohen) of 25 July 2007, Official Report, column 1070W, on Metronet finance, what estimate she has made of the extent of the public finance commitment as a result of Metronet entering administration; and what proportion of the total her Department expects to pay. (154922)

Transport for London and London Underground continue to discuss the best strategy for taking Metronet out of Administration with the PPP Administrators, taking into account all the associated financial implications, in accordance with their respective duties. In advance of their conclusion, it would be inappropriate to comment on the potential public finance impacts.