The RMT union is to ballot staff working at former PPP contractor Tube Lines for industrial action as part of a campaign by the union “for equal pension and travel-pass rights.” Transport for London bought Tube Lines in 2010, ending the Tube PPP system, and converting the company into a wholly owned subsidiary of TfL […]
Transport for London is hoping to reduce the cost of borrowing originally incurred by the nationalised Tube PPP contractor Tube Lines. TfL has bought back £1.3bn of Tube Line’s debt and is planning to reborrow the money at a lower interest rate, reducing the amount spent on servicing the debt. Since buying Tube Lines in […]
Planned early evening closures on the Northern Line have been cancelled by Transport for London following Sunday’s takeover of Tube Lines by TfL. The closures on the Northern line’s Bank and Barnet branches were scheduled to come into effect from next Monday but have been put off as part of a review by TfL into the Tube upgrade programme.
Boris Johnson has declared a “new era” for the London Underground with the completion of Transport for London’s deal to purchase PPP contractor Tube Lines. Following the purchase of shares from Tube Lines shareholders Bechtel and Amey (Ferrovial), the company is now a wholly owned subsidiary of TfL and therefore under the control of the […]
Ahead of its purchase of PPP contractor Tube Lines, Transport for London has announced the appointment of a new Chief Executive Officer for the firm who will start work “immediately” with a mandate to manage the transfer of the firm to TfL.