§ Mr. SpellarTo ask the Secretary of State for Transport what was the original budget for the Jubilee line extension; and what is his Department's latest estimate of the cost. [201]
§ Mr. BowisIn 1993, the budget for the construction of the Jubilee line extension, together with the upgrading of the existing Jubilee line, was approximately £2.1 billion at outturn prices.
I understand that London Transport now estimates that the final outturn cost will be approximately £2.6 billion.
These figures include the impact of inflation.