New Clause 2

Part of Crossrail Bill – in a Public Bill Committee at 6:00 pm on 27 November 2007.

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Financial provisions (disclosure of information)

‘(1) The Secretary of State shall publish all relevant details as to the moneys used to fund the construction and maintenance of Crossrail, beyond those monies as already provided by Parliament and set out in section 65(1).

(2) The Mayor of London shall, not less than 12 months after the granting of Royal Assent to this Act, publish and make available to all who are eligible and registered to vote in the London Mayoral or Greater London Authority elections, a statement indicating—

(a) the agreement he has undertaken and agreed with the Secretary of State for the proposals of building Crossrail, and

(b) the potential financial consequences of this agreement for London.

(3) The Secretary of State, after consultation with the Mayor of London and the Transport Commissioner for London, shall publish an annual statement setting out which bodies shall bear responsibility and liability for any costs associated with the building of Crossrail separately indicating the—

(a) costs to date, and

(b) projected costs to date.’.—[Stephen Hammond.]