Former MP, Brent East
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Is my hon. Friend aware that under their contracts, contractors will be fully compensated if they run only 95 per cent. of the existing service? Services can be cut by a further 5 per cent., but they will still be fully compensated. That does not build in an improvement, but allows a further margin for failure.
The current best estimate is that work under PPP—that is, work on the lines—might start as early as next September. There is not the slightest doubt that if there were the backing of the Government through the Treasury, bonds could be around in a matter of weeks. Bonds could advance the start of the work, not delay it.
I too apologise to the House. I do not wish to snub the new Lord Mayor, and will also miss the winding-up speeches for the same reason.
Former Independent MP for Brent East
Entered the House of Commons on 11 June 1987 — General election
Left the House of Commons on 14 May 2001 — General election
Party was Labour until 6 Mar 2000
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Last updated: 14 May 2001.
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This data was produced by TheyWorkForYou from a variety of sources. Voting information from Public Whip.