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2001-09-19 TfL-001
Transport for London

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Latest PPP bids fail value for money test again


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London Transport
Transport for London
public-private partnerships
*PPP



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Transport for London

Latest PPP bids fail value for money test again
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related documents


2001-09-19 Preferred bidder in public private partnership for sub-surface lines (London Regional Transport)

2001-05-02 The board of London Transport announces preferred bidders in public private partnership for deep tube lines (London Regional Transport)

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date
19 September 2001
source Transport for London
type Press release



Commenting on London Underground's decision to announce the Preferred Bidder to manage the infrastructure of the Tube's Sub-Surface Lines for the next 30 years under the Government's proposed PPP today, Commissioner of Transport for London Bob Kiley said:

"The announcement was rushed, is premature and was taken without meaningful consultation with Transport for London.

"The Government has repeatedly said that their Public Private Partnership plans for the Tube will not proceed unless it is proven that they provide value for money. Both the Preferred and losing bids from the companies wishing to run the Tube's Sub-Surface Lines announced today do not provide value for the taxpayer's money.

"Proceeding with this Public Private Partnership on such a basis will result in an extremely wasteful and inefficient use of the public's money."


Railhub Archive ::: 2001-09-19 TfL-001





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