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PPP Concept In London's Underground

Author: Latoyia McElfresh

Publisher:

ISBN: 9798730707351

Category:

Page: 242

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In 1998, the recently elected Labour government under Tony Blair initiated a public-private partnership (PPP) to modernise the London tube system, whose oldest parts were over 100 years old. While the underground's assets stayed in public hands, two private companies - Metronet and Tube Lines - were contracted to attract investment and carry out the work. In this Underground Book, you will discover: - The book's conclusions include the startling facts that the PPP: - Cost at least £400m million simply to set up - Involved 135 volumes and 28,000 pages of contracts - Failed to gaurantee the Tube the stable, long-term funding that was originally its principal attraction - Passed the value for money test obligatory for all PFI schemes only with the help of transparent financial sophistries - Depended for its operation on contracts of Byzantine complexity - Split up a unified system with consequent increases in management costs and greater risks to safety - Transferred little financial risk to the private sector Get your copy today!
PPP Concept In London's Underground
Language: en
Pages: 242
Authors: Latoyia McElfresh
Categories:
Type: BOOK - Published: 2021-03-30 - Publisher:

In 1998, the recently elected Labour government under Tony Blair initiated a public-private partnership (PPP) to modernise the London tube system, whose oldest parts were over 100 years old. While the underground's assets stayed in public hands, two private companies - Metronet and Tube Lines - were contracted to attract
Everything About London's Underground
Language: en
Pages: 242
Authors: Krystal Grise
Categories:
Type: BOOK - Published: 2021-03-29 - Publisher:

In 1998, the recently elected Labour government under Tony Blair initiated a public-private partnership (PPP) to modernise the London tube system, whose oldest parts were over 100 years old. While the underground's assets stayed in public hands, two private companies - Metronet and Tube Lines - were contracted to attract
The London Underground and the public-private partnership agreements
Language: en
Pages: 128
Authors: Great Britain: Parliament: House of Commons: Transport Committee
Categories: Business & Economics
Type: BOOK - Published: 2008-01-25 - Publisher: The Stationery Office

This report from the Transport Committee, examines London Underground and the Public-Private Partnership Agreements. The Government originally announced proposals for modernising the London Underground network system via Public-Private Partnership (PPP) agreements in 1998. Three contracts were drawn up with: (i) Tube Lines for the maintenance and renewal of the Jubilee,
Update on the London Underground and the public-private (PPP) partnership agreements
Language: en
Pages: 85
Authors: Great Britain: Parliament: House of Commons: Transport Committee
Categories: Political Science
Type: BOOK - Published: 2010-03-26 - Publisher: The Stationery Office

Update on the London Underground and the public-private (PPP) partnership Agreements : Seventh report of session 2009-10, report, together with formal minutes, oral and written Evidence
London Underground Public Private Partnerships
Language: en
Pages: 59
Authors: Great Britain. Parliament. House of Commons. Committee of Public Accounts
Categories: Public-private sector cooperation
Type: BOOK - Published: 2005-03-31 - Publisher: The Stationery Office

In March 2003, the Government signed three 30-year public private partnership (PPP) deals worth an estimated £15.7 billion for the maintenance and renewal of London Underground trains and stations, track and signalling, after a five-year procurement process which cost £455 million. Under the PPPs, London Underground retains responsibility for operations