Jubilee line upgrade cost £721m
Wednesday 12 October 2011
An Underground line upgrade, part of the now defunct and bitterly opposed private partnership plan (PPP) for the Tube, ended up costing two and a half times more than originally planned, it was announced today.
In 2002, PPP company Tube Lines' cost figure for the Jubilee line upgrade was £285.3 million.
Today, Transport for London (TfL), which has taken over Tube Lines work, said the much-delayed upgrade cost £721 million.
Work had been expected to be finished at the end of 2009 but was finally completed in July this year.
A total of £614 million, or just over 85% of the total, was spent under the PPP arrangements before Tube Lines transferred to TfL in the summer of 2010.
London Underground managing director Mike Brown said today: "The final Jubilee line upgrade cost completely vindicates our decision to end the waste and inefficiency of the PPP and transfer the work to TfL.
"Now we are free of the absurd constraints of the PPP contracts we are able to ensure that future upgrades, including the Northern line, are delivered in a much more efficient and economic way and with far less disruption to Londoners and businesses."
elephant appealThe first 23 lots in our charity auction have now gone. But there are 22 more still up for grabs
Dennis Rodman will coach the North Korea basketball team - and is preparing a special birthday treat for 'friend for life' Kim Jong-un
The magicians using online collaboration to push boundaries
Jennifer Lawrence attacks mass media again over body image
Jennifer Lawrence: 'It should be illegal to call someone fat on TV'
Ian Watkins: Police probed over earlier allegations as paedophile Lostprophets singer sentenced to 35 years for child sex offences
Iain Duncan Smith leaves Commons food banks debate early
DNA from a 50,000 year old toe shows Neanderthals were highly inbred
Devyani Khobragade: India-US row escalates over arrest of diplomat in New York
Exclusive: Young people ‘want UK to stay in Europe’: Four in 10 adults aged 18 to 24 are ‘firmly in favour’ of membership, poll shows
You can STILL be jailed for being a republican, government confirms, and it remains illegal to even 'imagine' overthrowing the Queen
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
Fighting back: the woman giving a voice (and 49,999 others) to the victims of sexism - by giving an airing to their horror stories
PM denies two child limit for benefits is part of Tory welfare policy
UK evangelist says Tom Daley ‘is gay because his father died’
- 1 America's 'virgin births'? One in 200 mothers 'became pregnant without having sex'
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 3 Christmas comes early: Justin Bieber is 'retiring from music'
- 4 Iain Duncan Smith leaves Commons food banks debate early
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile
- < Previous
- Next >
£10 - £12 per hour: Pro-Recruitment Group: An opportunity has arisen within th...
Flexible, Competitive, Weekly.: Randstad Education Cambridge: The JobRandstad ...
£9600 - £14400 per annum: Randstad Education Cambridge: Randstad Education are...
£500 - £680 per day: Harrington Starr: Murex Business Analyst - 1000 CHF per d...