Metronet's biggest weaknesses is in its station programme, where it blames scope changes for delays and cost overruns, but Morgan dismissed this.
'We just got on with it. We didn't wait for agreement over scope issues. Because it is not just money - it is time. So we said 'we'll do it and put it through dispute resolution'.
'We took that risk and we are now four years in. We haven't been late and in a very complex project we have one judgment going to court. And there we are talking £20M to £30M. If the judge finds against us, we pay.' 'We are nothing like £750M over, we are not even down that route.' This, Morgan added, is despite the projected costs of some stations soaring from £4M to £15M because of the vagaries of a contract that provides huge scope for disagreement, such as the definition of the work required.
'Station work is simply classed as either 'modernisation', 'enhanced refurbishment' or 'refurbishment'. But what is 'refurbishment?'' he explained.