Chris Bolt, the Arbiter for the London Underground PPP agreements, has published his final directions and guidance on Tube Lines’ costs for seven and a half years from July 1, 2010. He has allowed £4.46bn, an increase of £65m on his draft directions published in December.
The final assessment of costs is £1.29bn less than Tube maintenance company Tube Lines originally said it needed. However, it exceeds the amounts that LU has said that it is able to afford by around...
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