§ Mr. Peter Walkerasked 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. SwinglerMy 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 Walkerasked 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. SwinglerThe estimated cost of major projects authorised amounts in total to £25,610,000.