In 2007 Metronet, one of the companies brought in to manage the upgrade and maintenance of the London Underground under the government’s controversial PPP scheme which has long been opposed by the majority of London politicians, collapsed after shareholders wrote off their investments and declined to provide further funding.
The firm was eventually transferred to Transport for London, a move which many critics of PPP said vindicated their opposition to the scheme which was meant to transfer risk from the public to private sector.
This collection of articles from the MayorWatch archives covers the events leading up to the firm’s collapse:
- Livingstone Calls for Metronet PPP Review
- Tube PPP Arbiter Publishes Metronet Guidance
- Metronet Shareholders Write Off GBP221m
- Metronet Request Extraordinary Review
- Metronet Apologise for Tube Derailment
- Troubled Metronet ‘Faces Administration’
- Bombardier Writes-Off Metronet Holding
- Metronet ‘to Enter Administration on Wednesday’
- Metronet Calls in Administrators
- Time To Revisit Tube PPP
- TfL Seek Metronet Control
- Mayor Calls For Strikes Not To Proceed
- TfL Submit Formal Metronet Bid
- Livingstone Vindicated as Brown Bails Out Metronet
- Darling, Brown and Byers – May We Have Our Apology?
- Metronet Control Passes To TfL
- NAO: poor governance and leadership led to Metronet failure
- MPs slam Government’s “flawed” Tube PPP scheme
- Mayor and Tube Lines clash over upgrade funding
