HL Deb 26 May 1994 vol 555 c52WA
Lord Sefton of Garston

asked Her Majesty's Government:

Whether they will publish the details of the agreement that will ensure the private sector pays £400 million to the cost of the Jubilee Line extension, and how this differs from the original agreement.

Lord Mackay of Ardbrecknish

Full details of the funding agreement between London Transport/London Underground Limited and Olympia and York Canary Wharf Ltd. are commercially confidential. As the noble Lord will know, the first payment of some £100 million has already been made; the remaining £300 million is to be paid over a 24-year period starting one year after the first day of operation of the Jubilee Line extension.