§ 41. Mr. Simon HughesTo ask the Secretary of State for the Environment, Transport and the Regions what is his projected timetable for(a) changes to the structure of London Transport and (b) funding increases for London Transport. [35486]
§ Ms Glenda JacksonThe Secretary of State announced the Government's plans for a London Underground public-private partnership on 20 March 1998,Official Report, columns 1539–42, and for the Greater London Authority on 25 March 1998, Official Report, column 501. Over the next two years, London Transport will be restructured to prepare for its future role. London Underground will remain a single entity in the public sector and will award one, two or three contracts for the maintenance and modernisation of its infrastructure. During this period, London Transport will receive additional funding of £365 million for increased investment and preparing the public private partnership.
§ 45. Mr. GibbTo ask the Secretary of State for the Environment, Transport and the Regions how he plans to attract adequate private capital to London Underground. [35490]
§ Ms Glenda JacksonThe Secretary of State announced the Government's plans for a public-private partnership for London Underground on 20 March 1998,Official Report, columns 1539–42. Under these plans, operation will remain in a single, public-sector London Underground. London Underground will award one, two or three contracts for the maintenance and modernisation of its infrastructure, under which the private sector will source the capital needed to achieve a modern Underground for London.