HC Deb 17 January 2000 vol 342 cc244-5W
Mr. Redwood

To ask the Secretary of State for the Environment, Transport and the Regions what is forecast to be the total level of investment in the London Underground in(a) 2000–01 and (b) 2001–02. [104230]

Mr. Prescott

(a) Planned investment in the Underground in 2000–01 totals £753 million (in outturn prices). This comprises investment of £535 million in the core Underground and a projected £218 million in payments to JLE contractors for investment that took place in previous years.

(b) For 2001–02 and beyond, the Public Private Partnership currently under negotiation is designed to deliver around £8 billion worth of investment. PPP contractors will be required to implement a combination of specific projects and performance enhancements specified in terms of outputs to be delivered. Because the PPP contracts will require the delivery of service outputs, they will not generally specify particular works to be carried out or the amounts of money to be spent on them.