Transport for London Bids for Metronet

Transport for London Bids for Metronet
October 25, 2007 7:27 pm

UK transport company Transport for London (TfL) has lodged a formal bid to take control of failed London Tube consortium Metronet, a move which has been welcomed by the country’s largest rail union.

Since its collapse in July, Metronet has gone into Public Private Partnership (PPP) control, creating fears about safety on the Tube network and threatening jobs and pensions.
In a statement released today TfL says it is in the interest of all parties to make an “exit” from administration as soon as possible.
“This is the best way to maintain the continued safe operation of the Tube network and to ensure the continuation of the Tube’s vital upgrade and renewal programme,” TfL Managing Director Tim O’Toole says.
The union of Rail, Maritime and Transport Workers (RMT) welcomed the move, renewing calls for the Tube network to be brought back into public administration.
“Should TfL be successful, the next logical step will be to return Tube Lines to the public sector,” says RMT assistant general secretary Pat Sikorski.
Metronet’s collapse also resulted in transport giant Bombardier Transportation recording a dramatic loss in profits for the second quarter of fiscal year 2008.
Metronet is responsible for the maintenance and renewal of the sub-surface Tube network of Circle, District, Hammersmith & City, Metropolitan and East London lines. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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