Fair enough, just goes to show how bloody complicated the whole thing is.

A Good service is operating my arse.


Firstly it is not a fine. Secondly the contract is not with the
government - it is between LU (a trading subsidiary of TfL) and each
Infraco. Thirdly the contract does not stipulate a fine; it has a
performance regime which records performance and then either provides
bonuses or abatements depending on whether performance is good or bad.
Any reductions from the service charge are simply part of the normal
cash management process and reflect cash that stays within LU for other
expenditure be it bonuses to another Infraco or payment for other works
to whichever company might be doing that work / providing that service.
This money could be used for anything - not just PPP stuff.