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London Underground PPP

Volume 463: debated on Tuesday 17 July 2007

To ask the Secretary of State for Transport if she will make a statement on the performance of the London Underground public-private partnership; and what recent assessment she has made of the financial implications for the public purse. (149843)

The public private partnership (PPP) has delivered new trains, refurbished stations and upgraded lines. But it is clear that performance between the two PPP companies has been variable with Metronet, to date, delivering less than was expected and at higher unit costs. It is now for London Underground, working in partnership with Metronet, to agree how to secure the delivery of contract outcomes for the funding committed.