HC Deb 14 December 1999 vol 341 c102W
Mr. Moore

To ask the Secretary of State for the Environment, Transport and the Regions when the letter of engagement was signed and when the completed work was delivered for the PricewaterhouseCoopers report, "London Underground: Bond Financing vs The PPP". [102644]

Mr. Hill

PricewaterhouseCoopers was formally appointed by London Transport to provide financial advice to LT and Government with respect to the London Underground Public Private Partnership on 18 August 1998. Its report, "London Underground: Bond Financingvs The PPP", was completed in December 1999.

Mr. Moore

To ask the Secretary of State for the Environment, Transport and the Regions (1) what fee is payable to PricewaterhouseCoopers for its report, "London Underground: Bond Financing vs The PPP", which was deposited in the Library on 8 December; [102673]

(2) how many chargeable hours were incurred by PricewaterhouseCoopers in the preparation of its report, "London Underground: Bond Financing vs The PPP", which was deposited in the Library on 8 December. [102672]

Mr. Hill

PricewaterhouseCoopers generated this report as a small part of its standard advisory work on the Public Private Partnership. It is not possible to identify separately the costs involved, but they can accordingly be expected to be small.

Mr. Moore

To ask the Secretary of State for the Environment, Transport and the Regions if he will provide the detailed assumptions and calculations used by PricewaterhouseCoopers in the preparation of its report, "London Underground: Bond Financingvs The PPP", which was deposited in the Library on 8 December. [102671]

Mr. Hill

The PricewaterhouseCoopers report already includes notes explaining the basis for its assumptions and calculations.