§ Mr. MorganTo ask the Secretary of State for Transport, pursuant to his answer of 28 January,Official Report, column 800, what information he has received from London Transport and the administrators of Olympia and York in relation to (a) the private sector contribution, (b) European investment bank contribution and (c) United Kingdom public sector funding to the Jubilee line, set out in each of the first 10 years after any decision to proceed, and the residual figures for those three categories for the period thereafter.
§ Mr. NorrisThe European investment bank has agreed to finance some £98 million—the first and largest instalment—of the private sector's contribution to the cost of the Jubilee Line extension. I hope that it will enable the private sector to conclude with London Transport and London Underground Ltd a satisfactory funding agreement covering the basis on which the contribution will be made. Government funding has been ready for some time, and once the private sector funding agreement is in place we will be able to authorise the start of construction.