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House of Commons
Session 2001-02
Publications on the internet
Transport, Local Government and the Regions Committee Publications

Transport, Local Government and the Regions - Second Report

Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 30 January 2002.


CONTENTS


Terms of Reference

Report

I. INTRODUCTION

  The problems

  Under-investment and under-funding

  Performance

  Demand growth

The solutions

  London Transport's solution

  Public-Private Partnership

  Bidding Process

  Contract terms

  Estimated benefits

  Assessment process

II. THE SAFETY TEST

  PPP Safety Case

  The Safety Case in practice

  Safety and the PPP contracts

  Monitoring safety

III. THE VALUE FOR MONEY TEST

  Public Sector Comparator

  The National Audit Office Report

    Public Sector Comparator development

    Wider factors

  Risk allocation

  Subjectivity of value for money

    Ernst and Young's review

    Role of consultants

  Value for money over seven and a half and 30 years

  Risk of cost inflation

  The Arbiter and cost inflation

  Capital spend profile

  Asset register

IV. FUNDING

  Current funding

  Future funding

  Government Subsidy

  Fare box surplus

V. AFFORDABILITY

  Capacity requirements

  Public subsidy constraints

  Role of the Treasury

VI. IMPLEMENTATION ISSUES

  Managing the PPP contracts

  Working practices

  Failed Bids

VII. CONCLUSION

LIST OF CONCLUSIONS AND RECOMMENDATIONS

PROCEEDINGS OF THE TRANSPORT SUB-COMMITTEE RELATING TO THE REPORT

PROCEEDINGS OF THE COMMITTEE RELATING TO THE REPORT

LIST OF WITNESSES

LIST OF APPENDICES TO THE MINUTES OF EVIDENCE

LIST OF REPORTS


VOLUME II - 387-II

MINUTES OF EVIDENCE

Wednesday 21st November 2001
Wednesday 28th November 2001
Wednesday 5th December 2001

APPENDICES TO THE MINUTES OF EVIDENCE


 
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