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Tube PPP ‘Cost Taxpayers £1bn’

March 30, 2005 by Staff

A report by the House of Commons Public Accounts Committee report claims the part-privatisation of the Tube has cost taxpayers almost £1bn.

The report also says that maintaining and upgrading the tube will cost £450m more under the scheme than if the work was finance by the government.

A TfL spokesman said: "TfL has consistently said that the London Underground PPP deals are an expensive and over complicated way to manage the maintenance and renewal of the Tube.

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Filed Under: News

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