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Submitted by kevin.jordan1 on Mon, 15/10/2012 - 16:26
In 2002 the then Secretary of State for Transport announced approval of a decision by the board of London Regional Transport to enter into three PPPs for the infrastructure of the LondonUnderground system (the Tube). The operation of the trains would remain a public sector responsibility of London Underground Limited , together with responsibility for managing the PPPs themselves.
Submitted by kevin.jordan1 on Sat, 21/07/2012 - 09:43
The London Underground PPP involved the transfer of trains, stations, track and some 6000 staff to three separate infrastructure companies under 30 year contracts for different parts of the Tube. Under the PPP, London Underground retained responsibility for the operation of train and station services.
Submitted by kevin.jordan1 on Fri, 06/01/2012 - 05:05
In July 2007, Metronet BCV and Metronet SSL, two companies set up to modernise London Underground’s infrastructure, went into administration when they became unable to meet their spending obligations. In May 2008, after ten months in administration, Metronet BCV and SSL’s assets and liabilities were transferred to two new wholly-owned subsidiaries of Transport for London.
