The Transport Ministry has revealed that the quantifiable benefits fall only pounds 90m short of the construction costs (Hansard, 16 July). The pounds 400m being sought as a contribution from the private sector would, therefore, produce a surplus in the region of pounds 300m.
For that sum, the Government could extend the Jubilee Line farther from Stratford to Woolwich Arsenal, the area with the highest rate of unemployment (60 per cent) in London. This would give a tremendous boost to east and south-east London, which is why the Jubilee Line was planned in the first place.
John Austin Walker, MP
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