§ Mr. BrakeTo ask the Secretary of State for the Environment, Transport and the Regions if he will list London Transport property(a) assets, (b) rights and (c) liabilities. [73258]
§ Ms Glenda JacksonAs at 31 March 1998 London Transport's assets were as follows:
Assets Tunnels (including Jubilee Line Extension) 305 kilometres Railway carriages 3,886 Track 1,093 kilometres Bridges 978 Drainage Pumps 700 Underground stations 245 Escalators and lifts 372 Power stations 2 Sub-stations 131 Bus stations and stands 63 Bus shelters 6,370 Note:
These figures are currently being updated for 31 March 1999.
Property held by London Regional Transport and that of any subsidiary company is held subject to the provisions of the London Regional Transport Act 1984.
Rights and liabilities attached to such property will arise from either the instruments by which that property is held or the enactments under which property was acquired for the statutory purposes of London Regional Transport or any subsidiary of London Regional Transport.
To identify and list each and every right and liability connected with property assets held by London Regional Transport would incur disproportionate cost, however, general information about the management of such property can be obtained from the London Transport Annual Report 1997–98.
Aside from property, LT has other assets and liabilities relating to staff contracts, small fixed assets and so on. Again, these could be listed only at disproportionate cost.