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- W594015087 abstract "This article discusses the possible future of the 30-year London Underground public-private partnership (PPP). Under the PPP, maintenance and upgrade work on two-thirds of the network is carried out by Metronet Rail, which collapsed in July 2007. Metronet is currently in a unsustainable limbo situation, held as an arm's length subsidiary of London Underground--its public-sector customer. There are serious talks underway between Transport for London and the Department for Transport about the future of the Metronet contracts. However, there is no public sign of a conclusion and little evidence that anyone is examining closely what really went wrong with Metronet and how a better, stronger mechanism could be put in place. There is compelling evidence that Metronet's problems were a result of its structure and business practices, not a fundamental problem with the PPP. In contrast, Tube Lines, which works on the Jubilee, Northern and Piccadilly Lines in a separate PPP agreement, has been enjoying considerable success overhauling the outmoded management and operating practices it inherited when its contract started in January 2003. Tube Lines managers argue that they have succeeded because they control every step of the maintenance and renewals cycle and decide the best, most cost-effective way to solve a problem. However, the £455m spent on advisors to the government and bidders over the deal was high even for such an innovative project, and the costs of the second half of Tube Lines' contract is likely to require £2 billion more in funding that originally planned." @default.
- W594015087 created "2016-06-24" @default.
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- W594015087 date "2009-02-01" @default.
- W594015087 modified "2023-09-23" @default.
- W594015087 title "PPP in Limbo" @default.
- W594015087 hasPublicationYear "2009" @default.
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