§ Harry CohenTo ask the Secretary of State for Transport what the main problems are which the shadow running of the London Underground PPP has highlighted; and if he will make a statement. [101320]
§ Mr. JamiesonThe Government understand that London Underground Ltd. has made some limited changes to the contracts, including in respect of performance management and the way access is granted to the infrastructure, as a result of shadow running.
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§ Harry CohenTo ask the Secretary of State for Transport pursuant to his answer of 10 March, ref 101751, what indirect role the Government have played in assisting London Underground PPP consortia to obtain(a) grants and (b) loans from (i) the European Investment bank and (ii) other financial institutions; and if he will make a statement. [102816]
§ Mr. JamiesonAs I said in my earlier reply, the method by which the consortia finance their obligations under the PPP, and how they raise the necessary funding, is a matter for them.
The minutes that my right hon. Friend the then Secretary of State for Transport, Local Government and the Regions presented to Parliament on 20 March last year and that my right hon. Friend the Secretary of State for Transport made to Parliament on 4 December drew Parliament's attention to certain letters to be issued and steps to be taken in order to enable the PPP contracts to proceed. Factual explanations of the matters set out in the letters have been given to some financial institutions, including the EIB, in response to requests.