Questions 125-130 (Mr Jenkins) and Question 186 (Mr Williams):

Note on fares over 25 years and balance of subsidy & London Underground income.

I understand that TfL will be providing further information on this issue.13




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4  Paragraph 1.1 of NAO Report "London Underground PPP: Were they good deals?"

5  Paragraph 2.44 of NAO Report "London Underground PPP: Were they good deals?"

6  Paragraph 4b of the Executive Summary, NAO Report "London Underground PPP: Were they good deals?".

7  Ev 28 - 30

8  3.5% is the current discount rate that changed from 6% in April 2003.

9  Ev 35

10  Neither report printed.

11  Ev 33 - 39

12  Ev 28 - 30

13   Ev 31