Select Committee on Environment, Transport and Regional Affairs Appendices to the Minutes of Evidence

Memorandum by Declan Gaffney and Dr Jean Shaoul (FLU 06)

Table 9

PPP EXPENDITURE, SOURCES OF FUNDING AND FUNDING SHORTFALL IN YEAR 2 OF PPP

PPP	£m
Annual infrastructure costs	900
Debt financing costs	110
Repayment	65
Total costs	1,075
Funded by:
Borrowing	360
LU operating cash flows	540
Funding shortfall	175

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Prepared 17 July 2000