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Railhub Archive
2001-09-19 TfL-001
Transport for London0
Latest PPP bids fail value for money test again
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 London Transport
London Underground
Transport for London
PPP
public-private partnerships
 
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   Latest PPP bids fail value for money test again
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 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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