Closing the Tube funding gap

Meeting: 
MQT on 2009-10-14
Session date: 
October 14, 2009
Reference: 
2009/2997
Question By: 
Caroline Pidgeon
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

What progress has been made in closing the funding gap between London Underground and Tube Lines for the PPP's second 7.5 year Review Period?

Answer

Answer for Closing the Tube funding gap

Answer for Closing the Tube funding gap

Answered By: 
The Mayor

Caroline asks about the second seven and a half year periodic review period. The public private partnership (PPP) period. The dispute between us and Tube Lines of the two figures that have been cited are coming together. The gap was initially £2.5 billion. It is now come down some way. Tube Lines' demands have now come down some way. What we did on 23 September 2009 was ask the Arbiter to set a fair price for the works.