§ Mr. CohenTo ask the Secretary of State for the Environment, Transport and the Regions, pursuant to his answer of 16 December 1998,Official Report, columns 535, on London Transport, if he will list the contribution to the cost of the Jubilee Line Extension from (a) the private sector and (b) London Transport; and when London Transport expects to complete the cost review of the rephased programme. [64952]
§ Ms Glenda JacksonAs stated in my reply of 16 December 1998,Official Report, columns 535–36, some £2 billion of the total cost of the Jubilee Line Extension is being directly funded by Government grant.
The developers of Canary Wharf agreed to make a £400 million contribution, spread over a period ending 25 years after line opening. Some £135 million has already been paid. In addition, contributions totalling £7.5 million have been received from British Gas (further amounts are to be paid, depending on the value of land sales).
The balance of the costs of this project is being met from within LT's total resources. The results of London Transport's current Jubilee Line Extension cost review, which will take into account the change to three-phase opening, are expected shortly.