§ Mr. CohenTo ask the Secretary of State for the Environment, Transport and the Regions when he expects to announce the future financial and operational arrangements for the London Underground; and if he will make a statement. [148560]
§ Mr. PrescottI was pleased to announce last Friday that I have agreed with Bob Kiley, Commissioner of Transport for London, that we will work together and with London Underground on modifications to the Public Private Partnership (PPP). If we can agree mutually acceptable changes then the PPP bidders will be asked to submit revised proposals. The Government, London Underground and Transport for London will jointly evaluate any revised proposals to decide whether they are acceptable to both parties.
The Commissioner and I have confirmed our determination to reach the best deal for Londoners and secure the long-term increased investment the Tube needs without delay.