§ Richard OttawayTo ask the Secretary of State for Transport pursuant to his Answer of 25 November,Official Report, column 70W, what assessment he has made of the sufficiency of the long-term grant together with fare revenues to fund the proposed public private partnership. [84408]
§ Mr. JamiesonThe Government's long-term grant offer will ensure that the Tube modernisation plans are properly funded. London Underground fares are a 499W matter for the Mayor. The grant offer, however, takes into consideration London Transport's planning assumption that fares would rise in line with inflation each year.