Orders of the Day — Channel Tunnel Bill

Part of the debate – in the House of Commons am 12:00 am ar 5 Rhagfyr 1973.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Mr Keith Speed Mr Keith Speed , Meriden 12:00, 5 Rhagfyr 1973

We are not trying to hide behind any particular device. In terms of public expenditure, the sums for the tunnel are being raised, as I have said, in private forms subject to guarantees This seems to us—as it appeared in general terms to the previous administration—to be a sensible way to ensure that at the end of the day the taxpayers—that is, the hon. Gentleman and myself—receive handsome awards from the tunnel while at the same time people who are prepared to put money into the tunnel, as risk capital or guarantee capital, will get a reasonable return.