London Transport is gearing up for a huge overhaul of its tube network which will include upgrading more than 30 stations.
It is looking for pfi partners for work financed from an extra £365 million government handout. By the millennium, passengers will use refurbished stations and platforms, with disabled access improved at 10 stations, upgraded trains, tracks and 52 refurbished escalators.
The funding, announced by deputy pm John Prescott in March, will increase spending on the tube to £1 billion over the next two years. He aims to bring in the private sector to raise £7 billion for a 15-year programme of repairs.
A notice in the ec Journal last week said that the government and lt want to implement a public-private partnership (ppp) for the Underground. The government aims to grant up to three infrastructure contracts by April 2000. Contracts may last up to 35 years.
Potential partners have been asked for written comments. The deadline for requests for a briefing pack is today (6.8.98). Contact London Regional Transport/London Underground Ltd, ppp Project, tel: 0171 918 4953, fax: 0171 918 4567, reference LT98/047P.