§ Mr. AllanTo ask the Secretary of State for the Environment, Transport and the Regions what were the original projected costs to public funds and what are the latest forecast outturn costs of the Jubilee Line extension. [18221]
§ Ms Glenda JacksonAt project commencement in October 1993, the estimated overall cost of the Jubilee Line extension was £2.1 billion at cash outturn prices. This included £1.9 billion ring-fenced cost, funded by Government grant, the rest being costs for associated works, funded by the London Transport core business. A further £100 million in ring-fenced grant was later added to mitigate the rise in costs following the New Austrian Tunnelling Method collapse on the Heathrow Express project in 1994. London Transport now estimate outturn cost at £2.76 billion. Of this total, £2 billion will be directly funded by ring-fenced grant; the remainder will be met from London Transport's core resources (which include substantial Government grant) and from private sector contributions of over £400 million, over £100 million of which have already been received.