Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

PPP review due in November, says Bolt

PPP Arbiter Chris Bolt has said he will publish draft findings next month into how much extra Metronet should have been paid to carry out its works due to changes in the scope of works.

Under Bolt's proposed timetable into the extraordinary review of Metronet's upgrade of Bakerloo, Central and Victoria Lines, draft directions on the change in costs and revenues that would have been incurred by an efficient and economic Tube contractor will be published on 12 November.

Metronet and London Underground (LUL) will be able to comment on Bolt's draft findings by December before final directions are published on 18 January.

Metronet went into administration in July after its request to the arbiter for a lump sum of more than £500M to keep the contract going was refused.

Instead Metronet was granted £121M which effectively sent it into administration. Meanwhile, Metronet's administrator Ernst & Young said that Rothschild's valuation of Metronet was now complete and bids for the company are expected soon.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.