Lower Thames Crossing: Finance
The question
To ask the Secretary of State for Transport, what assessment she has made of the extent of the contingent liabilities associated with the proposed private finance model for the Lower Thames Crossing.
Answered by Simon Lightwood
The Government's preferred financing option for the Lower Thames Crossing (LTC) is the Regulated Asset Base (RAB) model. The details of this model are still under development, including through engagement with potential investors. No decisions have yet been taken that could result in contingent liabilities arising. The Department will undertake a full assessment of any contingent liabilities once the financial structure has been sufficiently developed.
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