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?".
8 3.5% is the current discount rate that changed from 6% in April 2003.
9 Ev 35
10 Neither report printed.
13 Ev 31