§ Baroness Noakesasked Her Majesty's Government:
In respect of the sale of the Millennium Dome site (a) how much total expenditure has been incurred by English Partnerships up to 30 June 2001; (b) how much expenditure is expected to be incurred by English Partnerships in the period to 31 December 2001 and later periods; and (c) what are the principal terms of that expenditure incurred or expected to be incurred by English Partnerships. [HL660]
§ The Minister of State, Department for Transport, Local Government and the Regions (Lord Falconer of Thoroton)Following the end of the last competition on 15 February 2001, English Partnerships has incurred £2.2 million in connection with the sale of the Dome up to 30 June 2001.
Between 1 July 2001 and 31 December 2001, English Partnerships expects to incur costs of around £6 million for fees and costs associated with the decommissioning of the Dome and an average of 114WA around £240,000 per month for maintenance and management related costs.
Costs after 31 December 2001 will depend largely on a number of factors related to the outcome of the ongoing sale process.
English Partnerships will recover any sale process, decommissioning, maintenance and associated. costs from eventual sale proceeds.