§ Mr. RedwoodTo ask the Secretary of State for Transport, Local Government and the Regions how much private finance has been raised for public sector transport activities in the last month; and how much he plans to raise by the end of this financial year. [9778]
§ Mr. Spellar[holding answer 23 October 2001]: In 2001–02 to date, we have signed an £85 million contract for the Highways Agency's traffic control centre project. Public-private partnership contracts for transport signed since May 1997 will deliver new capital investment in excess of £1,180 million. In addition, the National Air Traffic Services PPP, signed last year, is expected to deliver £800 million of new investment over the next 10 years. London Underground's Tube Modernisation Plans, the contracts for which are expected to be signed shortly, will deliver £13 billion of investment over 15 years.