§ The Parliamentary Under-Secretary of State for Transport (Mr. Tony McNulty)London Transport's (LT) expenditure on external consultancy in relation to the Public Private Partnership (PPP) for the modernisation of London Underground (LU) has been regularly reported to the House since January 1999. The final cost is £103.5 million since the Government announced the PPP on 20 March 1998. As LT's liabilities transferred to Transport for London (TfL) on 15 July 2003, some of the residual final costs were met by London Underground (LU) under TfL's ownership.