Arbiter’s decision exposes Gordon Brown’s legacy for Londoners
Caroline Pidgeon, the Liberal Democrat London Assembly Transport Spokesperson, commenting on today’s draft decision by the Arbiter for the London Underground Public-Private Partnership (PPP) on the future maintenance of the Jubilee, Northern and Piccadilly lines, said:
A staggering gap of £400 million exists between the Mayor’s calculations and the true cost of further upgrading the Tube. With the Mayor and Transport for London having no contingency for funding this gap it is hard to see what options the Mayor has other than raising fares further or cutting back on the Tube upgrades.