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Metronet: Finance

Volume 473: debated on Thursday 13 March 2008

To ask the Secretary of State for Transport what Metronet's weekly cost to the public purse has been since it went into administration; and from what budget the costs are met. (189304)

On 6 February 2008, Official Report, columns 74-76WS, the Secretary of State made a written statement on the spending review settlement reached with Transport for London. This statement includes cover for costs arising from Metronet's administration.

It is now for Transport for London to manage its costs and priorities within its overall financial envelope.