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Reference:
2012/2296
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Question by:
John Biggs
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Meeting date:
04 July 2012
Your previous Mayoral Answers and the schedules of payments referred to suggest that compensation payments to Canary Wharf Group for non-performance of the Jubilee Line, up to April this year, have amounted to at least £21,458,672. Do you recognise this figure and, given that payments appear to be clocking in at £1.684million a month, can you give an indication of when you anticipate they will cease, and what obstacles still exist to require continuing payments?