Latest:
LU consults over privatisation plans
00:00 26 Aug 1998
|
Exclusive by John Leitch
Six construction organisations have been called in by London Underground for consultative talks on how its planned £7 billion privatisation and upgrade of the tube network should proceed, it emerged on Monday.
The select half-dozen come from among 100 companies that expressed interest in the scheme and include Railtrack, Brown and Root, Balfour Beatty, Jarvis and Tarmac. The sixth is believed to be a French company.
A construction source said: "Being involved in the consultative discussions gives each of the six an advantage as they have a voice on how the process should be shaped."
LU wants to publish its specification for the partial privatisation of the tube network by November. A prequalifying round will follow, which is expected to lead to a shortlist of four consortia.
Consortia would lease the infrastructure and upgrade the assets in return for up to £500 million per year from Government. (Full story page 4.)
Six construction organisations have been called in by London Underground for consultative talks on how its planned £7 billion privatisation and upgrade of the tube network should proceed, it emerged on Monday.
The select half-dozen come from among 100 companies that expressed interest in the scheme and include Railtrack, Brown and Root, Balfour Beatty, Jarvis and Tarmac. The sixth is believed to be a French company.
A construction source said: "Being involved in the consultative discussions gives each of the six an advantage as they have a voice on how the process should be shaped."
LU wants to publish its specification for the partial privatisation of the tube network by November. A prequalifying round will follow, which is expected to lead to a shortlist of four consortia.
Consortia would lease the infrastructure and upgrade the assets in return for up to £500 million per year from Government. (Full story page 4.)
ADVERTISEMENT
Most Viewed Articles
ADVERTISEMENT