§ Harry CohenTo ask the Secretary of State for Transport, Local Government and the Regions if he will publish the actual figures for the amounts the private sector is investing in London Transport under existing contracts. [2729]
§ Mr. JamiesonThe following table shows estimates of the value of investment in London Transport through the existing London Underground Private Finance Initiative contracts.
£ Contract name/Investment coverage Investment Value1 British Transport Police New HQ and BTP police station at Tottenham Court Road and a new BTP station at West Ham 10 Connect New stations and trains radio systems and communications infrastructure 350 Northern Line Trains Provision of new Northern Line train fleet 400 Power Network of substations and power distribution cables 100 Prestige Ticketing service infrastructure 150 Total investment value (£ billion) 1.01 1 The investment value is not the actual amount the private sector is investing in London Transport. Instead it is London Transport's estimate of what investment in PEI projects would have cost had they done the investment themselves.