Memorandum by Declan Gaffney and Dr Jean
Shaoul (FLU 06)
Table 6
SOURCES OF FINANCING FOR RENEWALS (MAINTENANCE)
AND INVESTMENT
| (£m) | Expenditure on
renewals
| Expenditure on
additional fixed
assets
| Total | Total grant
(renewals and
capital)
| Self-financing
from cash flows
|
| 1993-94 | 162
| 526 | 688
| 1,078 |
|
| 1994-95 | 188
| 765 | 953
| 1,084 |
|
| 1995-96 | 280
| 827 | 1,107
| 1,194 |
|
| 1996-97 | 203
| 865 | 1,068
| 1,114 |
|
| 1997-98 | 196
| 647 | 843
| 761 | 107
|
| 1998-99 | 249
| 492 | 660
| 570 | 245
|
Source: London Transport annual report and accounts.
Note: Labour costs and average wage costs include national
insurance contributions, pensions and any restructuring cost.
|
