§ Matthew TaylorTo ask the Chancellor of the Exchequer what involvement officials from HM Treasury have had in the value for money assessment of the public-private partnership for the London Underground; if he will place in the Library the assessment he has received from the Office for National Statistics concerning the accounting treatment for the PPP for the London Underground; and if he will make a statement. [19519]
§ Mr. Andrew SmithThe value for money assessment of the London Underground PPP will be carried out by London Transport in line with the relevant guidance produced by HM Treasury and the Treasury Taskforce. London Transport is also working to ensure that when it evaluates final PPP bids it addresses the issues raised by the National Audit Office in its report 'The financial analysis for the London Underground Public Private Partnerships'.
The Office for National Statistics has made no assessment of the accounting treatment of the PPP.