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2002-03-25 TfL-001
Transport for London

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PPP -- Interim Consultation Response to London Transport


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London Transport
Transport for London
public-private partnerships
*PPP



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Transport for London

PPP -- Interim Consultation Response to London Transport
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Full text of document

2002-03-01 Kiley says: Respond to TfL PPP requests by Monday, or see you in court (Transport for London)

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date
25 March 2002
source Transport for London
type Press release



Introduction

The true desirability of the proposed so-called "Public Private Partnership" for the London Underground (the "PPP") in the view of London's transport experts -- those who understand how public transport in London works -- was revealed in 1997, when PPP ranked very near the bottom of some six alternatives considered by LUL for rejuvenating the dilapidated Underground.

However, not withstanding this informed view, the alternative view of the Government's financial advisors prevailed. Their view prevailed because it promised to Parliament and the public massive savings with little corresponding risk for LUL. Their view also prevailed because the Government's commitment of continuing grant support for LUL was understood by LUL to premised on the Tube PPP going forward. Lastly, the view of financial advisors, rather than transport experts, prevailed because control of LT's future was placed in individuals who ideologically favoured privatisation ...


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Railhub Archive ::: 2002-03-25 TfL-001





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