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London Underground: Grant

Volume 622: debated on Wednesday 28 February 2001

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asked Her Majesty's Government:How much provision they have made for grants to London Transport to support investment in the Underground from April 2001, pending completion of public private partnership contracts. [HL908]

The Minister of State, Department of the Environment, Transport and the Regions
(Lord Macdonald of Tradeston)

Last summer's spending review provided grant of £104 million for London Transport for the financial year from April 2001. The review recognised that additional grant might be necessary, but, given the need to maintain commercial confidentiality during PPP negotiations, agreed that this could be the subject of a later claim on the central Reserve. The Government are currently considering what additional resources to make available in respect of London Underground.