§ Mr. NormanTo ask the Secretary of State for the Environment, Transport and the Regions what financial418W contribution English Partnerships has made towards (a) the regeneration of the Greenwich peninsula and (b) the Millennium Dome; and how much English Partnerships is expected to receive from the sale of the Millennium Dome. [135552]
§ Mr. PrescottEnglish Partnerships' financial contribution to the regeneration of the Greenwich Peninsula as a whole is some £222 million. English Partnerships has made no financial contribution to the construction and fitting out of the Millennium Dome, its contents, or associated buildings and structures.
English Partnerships paid £20 million to British Gas for the purchase of its property interest across the whole of the Peninsula. In addition, English Partnerships has incurred expenditure of £144 million in remediating, servicing, landscaping and providing the infrastructure necessary for the long term regeneration of the northern Peninsula—including provision of the central park and other permanent features. The Environment Agency made a contribution of £2.5 million towards the environmental improvements of the riverw all works. English Partnerships' expenditure included £22.8 million to meet the New Millennium Experience Company's requirements—for which the full amount is being reimbursed to English Partnerships by NMEC.
On the Southern part of the Peninsula, which is already undergoing long term regeneration, English Partnerships has incurred expenditure of some £58 million in remediating, servicing, and landscaping the site, together with the construction of a new school and health centre for use by the existing and emerging local community.
The apportionment of proceeds from the sale of the Dome will be an important factor to settle in the context of the eventual sale.