§ Mr. CousinsTo ask the Secretary of State for Transport what proportion of the cost of the Jubilee line extension he currently expects to recover from Olympia and York, and other private sources; what is the current estimated cost in current prices of the Jubilee line extension; and whether private sector contributions to the line will be inflation-protected.
§ Mr. FreemanThe approved cost of the Jubilee line extension is £1,042 million in 1989 prices, equivalent to £1,188 million in today's prices, although the figure is currently under review. The agreed private sector contributions are spread over a longer period than the construction; when costs and contributions are discounted to a common base year, some 17 per cent. of the approved cost is covered by contributions. These are not inflation-protected.