All of that is entirely dependant on the goodwill of Government. At the end of the day, you are going to have to seek to find the funds yourself. There are three alternatives which you set out in Transport 2025.
There is the option of increasing fares, and I would like you to set out precisely what your proposals are for increasing fares over the period because you indicate that you can keep down the increase in fares over the period to an increase in the Retail Price Index (RPI) but, as I have indicated, for you to meet all the projects which you think are desirable that is not nearly going to cover the costs. I want to find out from you what Plan B is; if the Government is not going to cover that cost, how are you going to raid the fare box?
The second thing that you have only just touched upon for raising money is increasing your borrowing but, as you rightly say, the cost of the borrowing has to be again reflected in the fare increases which you are going to have to levy to cover the cost.
The other option is the most interesting one of all. You talk about innovative sources of funding such as the business rate, which you just mentioned now, and land value capture. I would be glad if you would explain, proportionately, how much of the money is going to come from those three sources?