INTRODUCTION

Mr Bacon asked Mr O'Toole for documents, in London Underground, prior to his arrival, containing advice given-by TfL-to the Department on preferences for bond financing. Mr Callaghan (Q 148) referred to London Underground publishing, in 2002, two reports called the Final Assessment Report and the Update to the Final Assessment Report both of which summarised TfL's submissions at some length. Mr Williams asked the NAO to do a brief critique of London Underground's summary for the Committee.