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Metronet gone bust!!!
On Jul 16, 10:13 am, umpston wrote:
On Jul 16, 9:26 am, chunky munky wrote: On Jul 16, 9:23 am, wrote: If it goes bankrupt, what sort of price could it be picked up for, is that price affordable by Transport for London, is TfL allowed to buy it up? This is going to hit FirstGBRailfreight quite bad. I reckon they will just sell their PPP contracts onto another company or even bought out by one of the more mighty members of the consurtium, who will then follow the Tube Lines model. There is an awful lot of money to be made by the Infracos in about 10 years. If Metronet is bust then presumably the contract is void. Would LUL then have the option of bringing the work in house? I'm not saying this is necessarily a good thing, but wonder if there is anything in the PPP rules to prevent Sir Kenneth doing this when a partner goes bust. 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. Kevin |
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