§ Mr. Mikardoasked the Secretary of State for Transport how much Government finance is to be provided for (i) the docklands light railway extension to the Bank and (ii) other improvements and upgrading of the docklands light railway.
§ Mr. David MitchellThe proportion of the costs of the extension of the docklands light railway to Bank and the associated upgrading of the capacity of the initial railway to be met by London Regional Transport is dependent on the outcome of its negotiations with the consortium proposing to develop the Canary wharf site. The other major proposed improvement to the docklands light railway, the extension to Beckton, would be funded by the LDDC out of the higher land values accruing to it which the extension will itself generate.
§ Mr. Mikardoasked the Secretary of State for Transport how much the Canary wharf consortium is to put up for (i) the docklands light railway extension to the Bank, and (ii) other improvements and upgrading of the railway.
§ Mr. David MitchellThe amount which the Canary wharf consortium will contribute to the extension of the docklands light railway to Bank and to the associated upgrading of the capacity of the initial railway is dependent on the outcome of the negotiations currently taking place between the consortium and London Regional Transport. The consortium is not involved in the financing of the other major project on the docklands light railway, the extension to Beckton.