HC Deb 04 March 1992 vol 205 cc176-7W
Mr. Tony Banks

To ask the Secretary of State for Transport if he will publish the total of capital investment in(a) London Underground, (b) London Buses, (c) Network SouthEast and (d) British Rail in each year from 1980–81 to 1994–95 (estimated), showing the financing sources for such subsidy in each year.

Mr. Freeman

[holding answer 28 February 1992]: Investment by London Underground is funded by a combination of Government grant and internal resources such as property receipts and contributions from third parties. Grant is not paid separately in respect of London Transport's subsidiaries. It is not possible to apportion particular sources of finance for British Rail and Network SouthEast between investment and other expenditure. Details of overall funding are given in the "Department of Transport Annual Report 1992".

Table 1 shows London Transport investment broken down by London Underground, London Buses and other together with the amounts of Government grant and other funding. Table 2 shows British Rail and Network SouthEast investment levels.

1985–86 1986–87 1987–88 1988–89 1989–90
Investment
London Underground Limited 179 219 259 234 328
London Buses Limited 53 46 24 28 30
Other1 48 43 73 82 115
Funding
Grant 262 293 234 192 255
Internal resources 17 15 123 162 218
1 Includes investment by the DLR, LT Trading, LT Property and LT Central Services.

1990–91 1991–92 1992–93 1993–94 1994–95
Investment
London Underground Limited 459 2353 Total for London Transport £3.5 billion3
London Buses Limited 28 236
Other1 147 170
Funding
Grant 451 2503 41,082 41,202 4999
Internal resources 183 56
1 Includes investment by the DLR, LT Trading, LT Property and LT Central Services.
2 Forecast outturn.
3 Estimated.
4 EFLs announced in 1991 Autumn Statement.

British Rail and NSE investment 1990–91 prices (£ million)
BR NSE
1980 566 n/a
1981 2464 n/a
1982 381 179
1983 378 169
11984–85 399 157
1985–86 542 151
1986–87 559 171
1987–88 672 285
1988–89 682 356
1989–90 776 387
1990–91 834 302
1991–92 3950 n/a
1992–93 41,301 n/a
1993–94 n/a n/a
1994–95 n/a n/a
1 1984–85 was a 15 month period. The figure for investment is a 12 month equivalent.
2 Figures for 1981 to 1990–91 are for rail investment.
3 DTp estimate.
4 Ceiling—source: Department of Transport Report 1992.