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Railhub Archive
2001-04-11 DET-001
Department of the Environment, Transport and the Regions0
London Underground: Public Private Partnership. The Offer to Londoners
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 London Transport
Transport for London
public-private partnerships
*PPP
 
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  London Underground: Public Private Partnership. The Offer to Londoners
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related documents
 type Statement
note News Release 207
The Offer: A 21st Century Underground for London
The Underground is crucial to London's role as a great, modern metropolis. It has helped give
London a unique transport system, supporting business, tourism and leisure activity. And its
impact goes beyond London.
o London Underground is the oldest underground railway in the world. Its age, and the past
under-investment, means that it does not provide a modern service fit for a 21st century
capital.
o The Government is and will remain the guardian of the national interest, and is responsible for
protecting the interests of the national taxpayer. It is right for the Government to work with
London Underground to ensure stable funding and a secure future for this key national asset.
o The Government is committed to modernise the Underground. We have no doubt that it is
right to pursue the Public Private Partnership. The Tube stays in the public sector. Private
companies fix the infrastructure.
o The PPP proposals combine public sector control of trains and stations with the best of private
sector expertise in maintaining and upgrading the infrastructure. It will continue to deliver a
single integrated service for passengers and a modern, safe, reliable Tube. It will drive
investment of £13 billion over 15 years, with £8.7 billion spent on enhancements, and £4.3
billion on maintenance - higher sustained investment than ever before.
o The PPP promises to be better value for money than the present system, and is designed to
satisfy the rigorous safety checks of the independent Health and Safety Executive.
o This document explains what the PPP offers Londoners.
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Railhub Archive ::: 2001-04-11 DET-001
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