Newslinks | 29th May 2007

The NewsEditor

100,000 Londoners take-up free Oyster cards in one month "100,000 people have now claimed a free Oyster card as part of the Mayor of London's campaign to encourage all Londoners, particularly those on a low income, to use them for travel around the Capital." [from TfL]

London tube work - one firm on budget; the other £750m over

"Tube Lines, one of the two companies that maintain the London Underground in a £30bn public-private partnership contract, has moved to distance itself from the financial woes of fellow contractor Metronet by declaring that its costs are firmly under control. The PPP contract for maintaining and upgrading the tube network has run into controversy after Metronet admitted it was at least £750m over budget. Metronet is expected to seek an extraordinary review of its performance over the next month, which will determine how much of the £750m it is accountable for.

"By contrast, Terry Morgan, Tube Lines chief executive, said his company was on budget for its work on the Jubilee, Northern and Piccadilly lines, which will cost nearly £5bn by 2010. Tube Lines is liable for overspending of up to £200m but that contingency will not be tapped for the foreseeable future, Mr Morgan said." [from The Guardian]

London City Airport in major expansion

"London City Airport has placed a contract for the construction of additional aircraft parking stands." [from Luchtzak Aviation]