- Question by: Roger Evans
- Meeting date: 05 December 2007
I am referring to the 95% guarantee following the demise of Metronet, because up to that point 95% of the debts were guaranteed by the public, which was the price that was paid to get the private sector involved in the first place. If that guarantee is not in place, then it ensures that Transport for London are the only people who bid, but it does not necessarily make it any cheaper, because it also ensures that you pick up all the debt.