HC Deb 06 December 1993 vol 234 cc24-5W
Mr. Raynsford

To ask the Secretary of State for Transport if he will explain the basis on which the sum to be made available to London Transport out of the anticipated receipts from the sale of the London Buses Subsidiary Companies was derived.

Mr. Norris

Our advisers have made an estimate of the London Buses Ltd. privatisation proceeds which has been taken into account in the calculation of London Transport's grant settlement. For the present, that estimate must remain commercially confidential.