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June 28, 2007

Down the Tube: London's troubled Tube contract goes to arbitration

Source: The Economist

AS A present to an incoming prime minister, it leaves a lot to be desired. Four years ago, as chancellor, Gordon Brown forced through a controversial public-private partnership (PPP) deal to upgrade London's Underground system over the objections of Ken Livingstone, the city's mayor, and Bob Kiley, its transport chief. This week, as Mr Brown at last moved into Britain's top job, the scheme is back in the news, for all the wrong reasons.

Full Story...

Posted by pichu at June 28, 2007 11:55 PM