HC Deb 17 July 1987 vol 119 c670W
Mr. Heddle

asked the Secretary of State for the Environment what reasons have been given to the London Docklands Development Corporation as to why the master building agreement in respect of the Canary wharf was not signed by Mr. G. Ware-Travelsted on (a) the original date of 28 February stipulated by the London Docklands Development Corporation, (b) 90 days after the London Dockland Light Railway Bill received Royal Assent, 18 March 1987, as confirmed to the London Docklands Development Corporation by Mr. WareTravelsted's chief executive, and (c) on other dates stipulated by the London Docklands Development Corporation since then; and if he will make a statement on the present state of negotiations between the London Docklands Development Corporation and (i) Mr. WareTravelsted and (ii) any other party.

Mr. Ridley

I have approved the terms of LDDC's proposed agreements with Olympia and York, the developers who now lead the project, and the negotiations are in their final stages.

At the earlier dates referred to, negotiations between the LDDC and the prospective developers of Canary wharf were not sufficiently advanced for any agreement to be finalised.