London Underground: Timetable for Transfer of Ownership

HL Deb 29 October 2001 vol 627 cc146-7WA

Baroness Hamwee

asked Her Majesty's Government:

When, under the terms of the Greater London Authority Act 1999, they intend to hand over ownership of London Underground Limited to Transport for London; and whether they will announce an indicative timetable for the transfer of ownership. [HL871]

Lord Falconer of Thoroton

The Government's intention is to transfer London Underground Limited to Transport for London after the long-term plans for the modernisation of London Underground's infrastructure have been put in place.