§ Mr. DrewTo ask the Secretary cf State for Transport if he will publish the research evidence produced by studies made by the Department on the potential land value benefits of development within easy access of a railway station. [168798]
§ Mr. McNultyThe Department contributed to the Jubilee Line Extension Impact S Study carried out for TfL by the University of Westminster. As part of that study the views of local agents on the impact of the JLE on the property market were sought and a general review of the commercial and residential market along the line was performed. The property report and the overall summary report for the JLE Impact Study will be released in May 2004.
The Department also contributed to a research project by ODPM and the Royal Institution of Chartered Surveyors on "Property Values and Public Transport Investment". The main objective of the study was the development of a suitable methodology for the estimation of the impact of public transport investment on property values. RICS published the report on Stage I, which was a literature review, as 'Land Value and Public Transport: Stage 1—Summary of findings' in October 2002 and plan to publish the Stage 2 report 'Land value and public transport: Stage two—Summary of findings' on 25 May.