§ Mr. SwinneyTo ask the Secretary of State for the Environment, Transport and the Regions what financial assistance his Department has given to date to the Jubilee Line extension; and what estimate he has made of his Department's expenditure on this project for each of the next five years. [30142]
§ Ms Glenda JacksonThe Department provides ringfenced grant to London Transport towards the cost of the Jubilee Line Extension (JLE) Total ringfenced grant up to 1996–97 was £1,574 million. The remaining £341 million ringfenced grant will be paid over this financial year and next financial year: £295 million in 1997–98 and £46 million in 1998–99.
The Department also provides London Transport with non-ringfenced grant for its various businesses. London Transport allocates some of this to the JLE (£48 million up to 1996–97). LT's most recent forecast of future allocation of non-ringfenced grant to the JLE is £216 million in 1997–98, £165 million in 1998–99, £117 million in 1999–2000 and nothing thereafter.
These figures exclude investment in the core network being carried out as part of the JLE project.
The private sector has also contributed over £100 million to the cost of the project and will provide further contributions totalling over £300 million in instalments over a 25-year period.