HC Deb 23 October 2001 vol 373 c186W
15. Harry Cohen

To ask the Secretary of State for Transport, Local Government and the Regions if he will indicate the expected annual rate of return for investment of the infrastructure companies in London Underground over the next 15 years. [5583]

Mr. Spellar

The Government's plans for a publicly run, privately built London Underground will deliver £13 billion of investment over the next 15 years.

London Underground is currently negotiating the contracts to deliver this investment. To estimate what the private sector's rate of return might be while these negotiations are still ongoing would undermine London Underground's commercial position and jeopardise its ability to deliver best value.

Forward to