§ Matthew TaylorTo ask the Secretary of State for Transport, Local Government and the Regions what assumptions underlie the capital value of the London Underground public-private partnership capital value as stated in table C18 of Financial Statement and Budget report 2002 (HC592); and if he will make a statement. [53391]
§ Mr. JamiesonThe Financial Statement and Budget report 2002 as a whole is of course a matter for HM Treasury. Table C18 of the report refers to the £16 billion of investment and maintenance in the tube that the London Underground public-private partnerships are expected to deliver over the next 15 years. This estimate, which is in April 2002 prices, is consistent with the preferred bids for the PPP contracts. The figure is also consistent with the guidance for reporting the information in table C18 as set out in Treasury Taskforce Policy Statement (Number 5).