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."
- 1 Humans of New York image of crying gay teen receives best response yet from Ellen DeGeneres
- 2 What supermodels really think about posing in the nude
- 3 People all over the world are getting semicolon tattoos to draw attention to mental health
- 5 Chris Moyles reportedly set to make radio comeback with new breakfast show on XFM
Humans of New York image of crying gay teen receives best response yet from Ellen DeGeneres
Swedish minister gives strongest case yet on why EU should stop turning away asylum seekers
North Korean defector flees to Finland 'with evidence of chemical testing on humans'
Isis schoolgirl Amira Abase who fled London to join terrorists in Syria mocks victims of Tunisia massacre
Father faces deportation to Thailand after 27 years in Britain for two 'stupid crimes'
More Britons believe that multiculturalism makes the country worse - not better, says poll
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
Negotiable: Recruitment Genius: An In-house Graphic Designer is required to wo...
£25000 - £65000 per annum: Recruitment Genius: One of the UK's premier supplie...
£7 - £10 per hour: Recruitment Genius: This care provider is looking for Home ...
£30000 - £35000 per annum: Recruitment Genius: One of the UK's leading web des...