Source: Telegraph

As taxpayers look set to pick up the enormous tab for the Tube company's collapse, the Government is coming under pressure to review the whole programme. Jonathan Russell reports

The collapse of Metronet, the London Underground infrastructure company, into administration last week is likely to increase delays not just for the capital's long-suffering commuters but also for the Government's flagship 26bn pound private finance initiative (PFI).

With aftershocks from Wednesday's announcement that Metronet had gone into administration owing £2.6bn still rattling the financial markets, analysts and operators are already surveying the new landscape and wondering what this means for the PFI market.

Full Story...

Posted by pichu at July 21, 2007 12:05 PM