§ Mr. CohenTo ask the Chancellor of the Exchequer what representations he received from(a) chief officers and the Board of London Transport and (b) the City of London about the Government's annual settlement for London Transport; and what was contained in the representations about the effect of the settlement upon London Transport's investment programme and existing infrastructure. [13762]
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§ Mr. WaldegraveA number of representations have been received about the annual settlement for London Transport. In addition to investment in the Jubilee line extension, the settlement provides for average investment of £525 million per year, 50 per cent. higher in real terms than the average of the 1980s.