Press Release
Transport Select Committee report on Tube PPP
25 January 2008
In response to the Transport Select Committee report on the Tube Public-Private Partnership (PPP) Agreements, Baroness Jo Valentine, Chief Executive of London First, said:
“The Tube PPP has not failed. Tube Lines is still doing the job it was contracted to do. And because Metronet wasn’t doing its job effectively, its shareholders have lost hundreds of millions. Before PPP, this underperformance and overspend may have gone unnoticed for years. Surely, Mrs Dunwoody and her colleagues have no nostalgia for the 70 years of underinvestment, declining passenger service and increasing taxpayers’ subsidy which preceded PPP?
“It’s clear that whatever the situation, the private sector has to be involved to deliver the Tube modernisation that passengers need and deserve. It is the biggest infrastructure programme in Western Europe.”
Latest Press Releases
- "No new flights until delays drop" say London business leaders
- Business urges Government to spend on London infrastructure
- Business verdict on Chancellor’s Pre-Budget Report
- ‘Boris factor’ boosts entries for London Planning Awards 2008
- Mayor's Housing Strategy
- ‘Why does everything take so long?’
- Mayor's Direction of Travel for Transport
- David Lunts has today been announced as London Director of the Homes and Communities Agency (HCA)
- Regardless of competition, passengers still left at the back of the queue
- RMT strike - 'Time to question Crow's mandate?'
Spread your message to an audience that counts, with options available for our website, email bulletins and publications including The House Magazine.
