HL Deb 09 December 2002 vol 642 c9WA
Lord Barnett

asked Her Majesty's Government:

Further to the Answer by Lord McIntosh of Haringey on 2 December (HL Deb, col. 961), whether they will provide the details of how they arrived at the value for money of £2 billion on the public private partnership for the London Underground system. [HL413]

Lord Macdonald of Tradeston

The bids for the PPP contracts have been the subject of a full value for money evaluation by London Transport and its advisers. On the basis of that evaluation, the modernisation plans are expected to generate a cash saving of £2 billion over the first 15 years of the contracts, compared with the cost of doing the work entirely in the public sector, as represented by the traditionally funded public sector comparator.

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