Transport for London: Value for Money

House of Lords written question – answered at on 15 March 2011.

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Photo of Lord Bradshaw Lord Bradshaw Liberal Democrat

To ask Her Majesty's Government whether they have received sufficient assurance from the Independent Investment Programme Advisory Group (IIPAG) to determine whether Transport for London delivers value for money to the taxpayer; what improvement in efficiency savings and other areas the IIPAG have identified; and when they will publish the findings of the IIPAG.

Photo of Earl Attlee Earl Attlee Lords Spokesperson (Department for Transport), Lord in Waiting (HM Household) (Whip)

The Independent Investment Programme Advisory Group (IIPAG) began its work in May 2010 and its remit was expanded as part of the recent spending review in October 2010. The IIPAG plans to report on and publish the overall findings of its first year's work this summer. This will include the first full results from its newly-acquired benchmarking role.

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