HC Deb 14 May 2002 vol 385 cc522-3W
Tom Brake

To ask the Secretary of State for Transport, Local Government and the Regions what the rate of return will be on each of the three PPP contracts. [56211]

Mr. Jamieson

The payments the private sector infrastructure companies receive from London Underground will depend on the performance they actually deliver. There is no guaranteed rate of return for shareholders under the three Public Private Partnership contracts.

Tom Brake

To ask the Secretary of State for Transport, Local Government and the Regions, pursuant to his reply of 2 May 2002,Official Report, column 900W, on London Underground. if the appropriate regulatory clearances relating to (a) the procurement process, (b) the competition aspects and (c) the state aid aspects have been obtained; and if he will make a statement. [56207]

Mr. Jamieson

All appropriate regulatory clearances will be obtained before any PPP contracts take effect.

Tom Brake

To ask the Secretary of State for Transport, Local Government and the Regions what the projected efficiency savings are in each of the first seven years of the PPP contracts for each of the consortia. [56213]

Mr. Jamieson

I refer the hon. Member to the final assessment report produced by London Underground. This report, which is available on London Underground's website, contains an assessment of the underlying costs of the bids for the tube modernisation contracts compared to the underlying costs of the relevant public sector comparators over the first seven and a half years of the contracts. A year-on-year analysis is not available.

Tom Brake

To ask the Secretary of State for Transport, Local Government and the Regions what assumptions were made during PPP negotiations about the level of fare increases on London Underground in each of the first seven years. [56209]

Mr. Jamieson

London Underground fares are a matter for the Mayor. London Transport has for planning purposes assumed that fares would rise in line with inflation.

Tom Brake

To ask the Secretary of State for Transport, Local Government and the Regions how much London Transport has spent on consultancy costs for the London Underground PPP.[56210]

Mr. Jamieson

I refer the hon. Member to the answer given to my hon. Friend the Member for South Ribble (Mr. Borrow) on 4 December 2001,Official Report, column 296W.

Since 30 September 2001 a further 9 million has been spent.

Back to