View Single Post
  #10   Report Post  
Old July 16th 07, 12:00 PM posted to uk.transport.london
Recliner Recliner is offline
external usenet poster
 
First recorded activity at LondonBanter: Jan 2007
Posts: 148
Default Metronet gone bust!!!

"Kev" wrote in message
ps.com
On Jul 16, 10:13 am, umpston wrote:


Inevitably there will have to be a short term funding agreement
between LUL and the Metronet receiver to enable current works to
continue. And if they don't want key staff to leave LUL will have to
offer some guarantee of continuity.


Ken would then have to put his money where he mouth was and TfL would
have to deliver what Metronet failed to do, with the same staff of
course.


Not really. Metronet subcontracted projects to its own shareholders,
unlike Tube Lines. Whoever takes over is more likely to run the projects
the way Tube Lines does, selecting whichever potential subcontractor is
most capable.