HC Deb 03 November 1997 vol 300 c67W
Mrs. Dunwoody

To ask the Secretary of State for the Environment, Transport and the Regions if he will list the options currently under consideration for increasing investment in London Underground; and if he will place in the Library a copy of the Coopers and Lybrand report compiled for his Department. [12981]

Ms Glenda Jackson

The Government are considering a wide range of options for public/private partnerships to increase investment in London Underground, while ruling out wholesale privatisation. The Government's advisers, Price Waterhouse, have examined debt funding with public ownership; partnership structures which could involve a Trust, a joint venture concession or partial sale of the business, or a full concession; and operational structures which could involve a single business, vertically integrated line businesses or separating infrastructure from operations. The Government are also considering options for increasing investment in the short term. I have no plans to place Price Waterhouse's work in the Library, but will consider what background information should be made available when policies and decisions are announced.