Metronet gone bust!!!
 

On Jul 16, 1:00 pm, "Recliner" wrote:
"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.

All that is obvious - what I was asking is, once short term continuity
is sorted out, will TfL have any long-term choice in the way the PPP
project is managed from now on? Or are they required by the PPP rules
to re-tender a very similar kind of contract? But last time it took
about 2 years (or was it longer?) just to negotiate these contracts.

Since the Government provides the bulk of the funding I suspect the
Treasury (perhaps hiding behind the DfT) will still have some
influence over this decision.

Metronet gone bust!!!
 

On Jul 16, 1:00 pm, "Recliner" wrote:
"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.

How is the Jubilee and Northern Line resignalling going then?

Kevin

Metronet gone bust!!!
 

"GigaNews" ??? wrote in message
...
just seen this breaking news

http://news.bbc.co.uk/1/hi/business/6900360.stm
Tomorrow's Times (18th - online now) says Metronet will definitely go into
administration tomorrow...

Paul

Metronet gone bust!!!
 

"Paul Scott" wrote in message
...

"GigaNews" ??? wrote in message
...
just seen this breaking news

http://news.bbc.co.uk/1/hi/business/6900360.stm
Tomorrow's Times (18th - online now) says Metronet will definitely go into
administration tomorrow...

Paul


Tonight's BBC News at 10pm reported that LU had received notice in a letter
from Metronet this evening

Metronet gone bust!!!
 

On Jul 16, 9:12 am, "GigaNews" ??? wrote:
just seen this breaking news

http://news.bbc.co.uk/1/hi/business/6900360.stm
It has now - see
http://news.bbc.co.uk/1/hi/business/6903977.stm

Metronet gone bust!!!
 

On 16 Jul, 16:49, Kev wrote:
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.

How is the Jubilee and Northern Line resignalling going then?

More or less on schedule, isn't it?

--
John Band
john at johnband dot org
www.johnband.org

Metronet gone bust!!!
 

"John B" wrote in message
oups.com...
On 16 Jul, 16:49, Kev wrote:
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.

How is the Jubilee and Northern Line resignalling going then?

More or less on schedule, isn't it?

--
John Band
john at johnband dot org
www.johnband.org


You think so. Time will tell then.

Kevin