NAO queries value of Tube deal after first 12 months
28 August 2012
The National Audit Office has delivered a worrying report on the progress of the three London Underground public-private partnership (PPP) deals to improve the infrastructure of the Tube network.
It said there was only limited assurance that the original price of the PPPs was reasonable and there is uncertainty about the final price, a year into the deals.
Furthermore, "given the volatility inherent in operations, it is hard to determine whether the benchmarks are easy or difficult to achieve. In the first year, the performance of the companies [Metronet...