Source: The Guardian

By Dan Milmo, transport correspondent

Transport for London, the mayor's transport body, has been in talks with the government on taking over the management of the collapsed tube contractor Metronet.

In a proposal similar to the replacement of Railtrack by Network Rail, Metronet would be taken out of administration and its responsibilities transferred to a company managed by TfL.

Metronet collapsed last week, four years into a 30-year, 17bn pound public-private partnership programme on London Underground. It is the world's largest PPP project and the difficulties are an embarrassment for Gordon Brown, who drove the policy when he was chancellor.

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Posted by pichu at July 27, 2007 9:05 PM