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But that's just the gross figure for cash earnings.
The bank has not disclosed the gross figure.
The gross figure excludes "depreciation" - the deteriorating state of existing infrastructure.
It was pointed out that it was the gross figure for the UK contribution.
But, as the pink paper notes, the gross figure is still important for comparative purposes.
It can argue all it likes that £350m is a "gross figure".
Similar(33)
Others say the government's position is actually far worse than the gross figures suggest.
If you run the Broadway League's gross figures at face value, the average seat cost $82 last year.
The reluctance of successive governments to produce figures, and a breakdown, for arrivals suggests fear of the public reaction if the gross figures were made known.
Don't put too much faith in those weekend gross figures I and dozens of other trade reporters write about each week.
However, these are gross figures and, when sales are taken into account, Ferguson and Benítez have net spends around the mid-£80m mark.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com