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Metronet

Volume 470: debated on Tuesday 22 January 2008

15. To ask the Secretary of State for Transport what discussions she had on Metronet since it entered into administration; and what her latest estimate is of the costs to the public purse resulting from its entering into administration. (180549)

The Mayor of London and Transport for London have provided regular updates on progress since Metronet entered administration.

The Spending Review settlement reached with TfL makes provision for costs arising from Metronet's administration.

The extent to which Metronet's delivery had slipped behind their spending, and therefore the scale of any long-term costs, will become clear only when London Underground have been able to review Metronet's detailed accounts, if they take control of the Metronet assets from administration.