§ 29. Mr. BeardTo ask the Chancellor of the Exchequer if he will make it his policy to make firm financial commitment to major transport infrastructure projects once they have been started. [85278]
§ Mr. BoatengUnder the 10-year plan we have made a significant commitment to planning and procurement of projects that reach an appropriate stage, some of which were announced by my right hon. Friend the Secretary of State for Transport in the House on Tuesday.
Where projects require public subsidy, they will be assessed and our commitment will be given to those where value for money and affordability are demonstrated throughout the life of the project.
For PFI/PPP projects our commitment over the life of the project is contractual and tied to delivery.