§ Mr. GrieveTo ask the Secretary of State for Transport what liability the Government have in respect of the borrowings of(a) Network Rail and (b) Transport for London. [175515]
§ Mr. McNultyThe information is as follows.
(a) The Government, through the Strategic Rail Authority, have provided support up to a maximum of £21 billion principal for Network Rail's borrowing. These arrangements are shown as contingent liabilities in the Department's accounts.
(b) Transport for London is an independent body and the Government have no liability in respect of its borrowings. However the Government do have outstanding contingent liabilities in respect of the London Underground PPP undertaken by London Underground and the Docklands Light Railway Lewisham extension PFI.