HC Deb 31 January 1968 vol 757 c337W
Mr. Peter Walker

asked the Minister of Transport what amount of money has been loaned to the Port of London Authority by the Government; and what is the period for which the money has been borrowed and the rate of interest that is payable on it.

Mr. Swingler

My right hon. Friend has agreed to make available to the Port of London Authority loans to cover that part of the cost of projects totalling £19,405,000 which is not met by port modernisation grant. Rather over £10½ million has been taken up at rates of interest varying between 6¾ per cent. and 7¼ per cent., and is repayable over 40 years.

Mr. Peter Walker

asked the Minister of Transport what amount of expenditure has been authorised under Section 9 of the Harbours Act, 1964 on development in the Port of London.

Mr. Swingler

The estimated cost of major projects authorised amounts in total to £25,610,000.