In message , Bruce
writes

Let's not forget that one of the reasons Olympia and York collapsed
was the failure of UK PLC to deliver the Jubilee Line Extension by the
date promised. JLE was years late, and the fact that Canary Wharf was
served only by light rail put an enormous brake on its development.

As I recall, there were problems and recriminations on both sides.
London Underground certainly dragged their feet in the early stages, but
once the project was approved O&Y were already getting into financial
difficulties, and it took the best part of two years to get the money
out of them. I think there was a decision that nothing could go ahead
until the funding was in place.

Nevertheless, my recollection is that Canary Wharf's contribution to
the cost of the JLE was made in full.

The original plan was for O&Y to pay in instalments, ending in 2020.
Thankfully, and I've no idea how it happened, they were persuaded to pay
the entire £300m as a lump sum, and I think the courts lifted the
administration order on the company (who had by then got bank
guarantees) to allow the money to be handed over. So yes, I think you're
right - it was all paid in full in the end, although it was a narrow
squeak!
--
Paul Terry