Transport, Local Government and the Regions written question – answered at on 13 November 2001.
To ask the Secretary of State for Transport, Local Government and the Regions how, under the terms of the proposed public-private partnership for London Underground, companies will be incentivised to improve the performance of the underground; what new performance measures will be used; and what financial (a) incentives and (b) disincentives will be employed.
The Government's plans for a publicly run, privately built London Underground are designed to deliver at least £13 billion of investment over the next 15 years. The private sector will be incentivised to deliver this investment by contracts that are principally output- based, with payments to the private sector infrastructure companies increasing as they improve capacity, reliability and the quality of the travelling environment on the tube network. The private sector will be similarly financially penalised for poor performance. These penalties will reflect the impact of any delay or disruption to passengers and not be limited by a cap.
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