§ Lord Sefton of Garston
asked Her Majesty's Government:
How many contributions to the cost of the Jubilee Line extension were promised; what was the total value of them; by whom the contributions were promised; and how much has been received.
§ The Parliamentary Under-Secretary of State, Department of Transport (Viscount Goschen)
Two private sector contributions to the cost of the Jubilee Line extension were promised: one from the developers of Canary Wharf, and one from British Gas, for the station at North Greenwich. Initial payments have been received: £100 million in respect of Canary Wharf and £5 million in respect of North Greenwich. The remainder of the Canary Wharf contribution (a further £300 million) will be paid over a 24-year period beginning one year after the opening of the line. The remainder of the British Gas contribution (the total of which will depend on future land sales) will be paid over time, beginning with the opening of the line.