HC Deb 18 May 1992 vol 208 c32W
29. Mr. Carrington

To ask the Secretary of State for Transport when he next plans to meet the chairman of London Underground to discuss improvements to the underground rail network.

Mr. Norris

My right hon. Friend and I shall be meeting the chairman of London Underground on a regular basis to discuss various matters, including improvements to the underground.

Mr. Cohen

To ask the Secretary of State for Transport what is his Department's estimate of the annual level of capital investment needed to avoid any further deterioration of the London Underground; and what level of subsidy from Her Majesty's Government is proposed for such capital investment.

Mr. Norris

In evidence to the Monopolies and Mergers Commission last year, London Underground Ltd. said that an average expenditure of £700 million to £750 million needed to be maintained over the remainder of the decade in order to provide an acceptably modern underground. The grant provision announced in the autumn statement is sufficient to allow for this level to be attained in 1993–94.