London First comment following Arbiter's announcement on Tube PPP

10 March 2010

Baroness Jo Valentine, chief executive at London First, said:

"The independent PPP Arbiter has concluded what is economic and efficient. Whether or not TfL should have budgeted for more, this is no doubt difficult medicine to swallow. But making the Tube fit for the 21st century, so Londoners can get to work reliably and on time is a high value prize.

Boris should draw this public and acrimonious commercial negotiation to a close and deliver for London the vital modernisation of this critical infrastructure."

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