§ Mr. CohenTo ask the Secretary of State for Transport if he will set out in tabular form(a) total grant, (b) core business capital grant, (c) new lines and extensions capital grant and (d) revenue support grant, excluding the docklands light railway, awarded to London Transport in each year since 1978; and what is the planned expenditure for each year between 1994–95 and 1996–97, at both cash and 1993–94 prices.
§ Mr. NorrisThe information requested is as follows:
615W
Year Core business capital grants Core business revenue support grant New lines and extensions capital grant Total grant 1980 241 212 — 453 1981 256 155 — 411 1982 223 329 — 552 1983 282 296 — 578 1984–851 220 299 — 519 1985–86 277 191 — 468 1986–87 332 98 — 430 1987–88 224 62 — 286 1988–89 198 26 — 224 1989–90 251 54 — 305 1990–91 417 84 2 503 1991–92 434 110 70 614 1992–93 564 262 86 912 1993–94 506 66 120 693 1994–952 346 13 507 866 1995–963 442 — 420 862 1996–973 503 — 390 893 115 months accounting period. 2In addition to grant in 1994–95 LT will benefit substantially from proceeds from the sale of the subsidiaries of London Buses Ltd. £13 million revenue grant is ear marked for the Dial-a-Ride service. 3Grant, announced in the Unified Budget, for LT for 1995–96 and 1996–97 has not yet been allocated between revenue and capital spend, but it is expected that all of the core business grant will be used for capital investment with the exception of revenue support of Dial-a-Ride. These figures understate the growth in the level of investment by LT over the period arising from its improving financial position. With LT's move into operating surplus total capital investment is expected to be £1 billion per annum or more in each of the years 1994–95 to 1996–97 in cash prices.