London Underground (Hansard, 23 October 2001)

HC Deb 23 October 2001 vol 373 c186W 186W

§ 15. Harry Cohen
To ask the Secretary of State for Transport, Local Government and the Regions if he will indicate the expected annual rate of return for investment of the infrastructure companies in London Underground over the next 15 years. [5583]

§ Mr. Spellar
The Government's plans for a publicly run, privately built London Underground will deliver £13 billion of investment over the next 15 years.
London Underground is currently negotiating the contracts to deliver this investment. To estimate what the private sector's rate of return might be while these negotiations are still ongoing would undermine London Underground's commercial position and jeopardise its ability to deliver best value.