• Question by: Mike Tuffrey
• Meeting date: 11 June 2003

I am aware these discussions and studies are under way. The point of the question was really to firm up on that, because I do not yet see the Treasury getting `off the pot" on this one. Indeed, the closer we get the more cautious they seem to be. The pilot studies they are doing now do not actually capture any additional funds, in terms of the business rates. Perhaps outside this meeting you could share with the Assembly, and with me in particular, what those studies you are doing are actually showing. Can you tell us what more we...

• Question by: Elizabeth Howlett
• Meeting date: 11 June 2003

Mr Kiley, I heard you speak the other evening at the London Business meeting about tax increment financing. At that time you said the Jubilee Line could raise perhaps two ? four billion pounds. I understood that this is not just a business tax, but it would be a domestic tax as well; it would be on all properties where the value had been enhanced by their distance or nearness to a line like the Jubilee Line. Have you had a nod or a wink from Government or the Chancellor that this is a possibility? Have you prepared clauses for...

• Question by: Jennette Arnold OBE
• Meeting date: 11 June 2003

My question was to say there was a great opportunity with the work being done around the 2012 bid. Although you touched on that, it seems to me if we are talking about speaking with Government to bring about changes to legislation that would have the potential to release huge amounts of money, I would simply mention the £12 billion into the system. I would have thought Government would be very receptive to that sort of proposal and that would be something TfL would be bringing to the table. I would assume they would be active partners in the 2012...

• Question by: Mike Tuffrey
• Meeting date: 11 June 2003

: I would absolutely agree with that. Thinking beyond Crossrail, would any other of the main infrastructure schemes that your studies are showing lend themselves to a tax incremental financing scheme? I am conscious that tram lines are perhaps too diffuse in terms of the gains. What is next on the list, after Crossrail?

• Question by: Mike Tuffrey
• Meeting date: 11 June 2003

To be clear, I am not talking so much about individual taxpayers allow for. Some estimates have said the Jubilee Line, for example, raised land values by £13 billion and capturing even a quarter of that would have paid for the whole line. The study is about new mechanisms to capture some of those general development gains, rather than the specific project gains.

• Question by: Roger Evans
• Meeting date: 11 June 2003

As a user of the Central Line, I just want to assure you that there was actually no positive element to the Chancery Lane incident. My constituency in Redbridge were absolutely outraged when the decision was made to close down the Hainault loop for further engineering work, after the rest of the Line had reopened. We really did wonder why that work could not have been done during the time that the rest of the Line was closed. I am a bit surprised that Lynne is suggesting this and I would like your assurance that you will not take this...

• Question by: Lynne Featherstone
• Meeting date: 11 June 2003

• Question by: Lynne Featherstone
• Meeting date: 11 June 2003

I understand where you are coming from on that, but I have to say I thought the Government did a terrible job in negotiating the PPP. Do you think your skills will be better than the Government's?

• Question by: Lynne Featherstone
• Meeting date: 11 June 2003

I am not saying `rush', but you must understand that for three years I and others, including Bob Kiley, have said that PPP is not going to deliver for London. Therefore, while you are doing what you can with the PPP and with London Underground, I am asking for a commitment that you look for flexibility in the contract and will look for add ons, perhaps not in the first year but the work surely has to start now in looking for where you can deliver more for London than the Government has saddled us with.

• Question by: Lynne Featherstone
• Meeting date: 11 June 2003

I hear what you are saying and I understand. You have three pieces of work: you must manage the contracts, manage the Tube running, and this third piece of work I am nagging you about. You do not want to raise expectations and you want to see that you do those first two pieces of work. I want to test you in two areas. The closure of the Central Line was one. I am looking at flexibility within the contract. You do agree there may be flexibility for negotiation within the contract, either along those lines or indeed along what...