LondonUnlocked

The Arbiter Makes His Judgement

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It's not pretty for TfL - £460m must be found from their funds to plug the gap. Tube Lines, whilst disappointed, 'can live' with the £4.46bn allocated to it.

The Mayor has spoken of a legal challenge to the ruling, whilst you have to ask why, if Tube Lines previously said they needed £5bn+ to cover works, they are now acquiescing at £4.46bn?

Dave Hill, here, has the best summary of the current situation which I can find.