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Tuesday, October 11, 2005

PPP, finally they're realising it's not a such great idea

Friday's Northern Line safety breaches have lead to something

"London Underground has issued the first emergency direction to a contractor since the Tube's part-privatisation two years ago, prompting fears that Ken Livingstone is trying to undermine the £30 billion Public Private Partnership (PPP)." said The Times today.

".......The unprecedented move has caused concern among the Tube's PPP contractors, Tube Lines and Metronet, that Mr Livingstone will exploit safety-related incidents to sabotage their 30-year contracts"

"......Tube Lines and Metronet's financial backers were given "letters of comfort" by the Government before the Tube's part-privatisation in 2002 to protect them from future liabilities. The letters do not protect the companies in the event of persistent safety breaches."

"......On Friday, LU issued an emergency direction to Tube Lines to give access to LU's own inspectors, led by David Waboso, engineering director. The team has been inspecting the maintenance regime at Alstom's two depots in Morden and Golders Green. They found a series of faults, including loose bolts and failure to maintain the mechanism that re-sets the trip cocks."

; Posted by Annie Mole Tuesday, October 11, 2005 Permalink COMMENT HERE Add to Stumble Upon