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Tubelines overspends but is ahead of contract targets

The private firm responsible for operating and maintaining three London Underground lines is ahead of all its contractural targets for the fourth quarter of 2006/7, although capital expendiature was over budget by £1.5M according to figures published yesterday.
Tubelines is responsible for two-thirds of London's underground network. Reliability for all of its lines - the Piccadilly, Northern and Jubilee lines - is 14% better than targets.Incidents increased by 6% compared to the same period last year, but their impact decreased by 5% over the same period. Part of the increase was due to incidents with passengers on escalators, particularly at Waterloo station.The first trains to be fitted with the transmission based train control (TBTC) signalling system have returned to service, and a contract has been awarded to Thales to provide a new signalling system on the Piccadilly line by 2014.

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