§ Lord Brougham and Vauxasked Her Majesty's Government:
What changes there were to London Transport's core business external financing limit for the financial year 1992–93.
The Earl of CaithnessThe original 1992–93 external finance limit (EFL) for London Transport's core business was £852 million. This was reduced by £84 million following the transfer of the Docklands light railway to the London Docklands Development Corporation in April 1992, but then increased by £65 million in July 1992 due to additional funding to implement measures in London Underground Limited's Company Plan. The final EFL was therefore £833 million.
From this total, LT were allowed to carry forward £33 million to the current financial year. This was in respect of core business items related to the Jubilee Line Extension.