Metronet in cash plea "SHAREHOLDERS in Metronet, the company that maintains two-thirds of the London Underground network, are being pressed to inject fresh cash after banks blocked access to its loan facilities." [from the Times Online]
"The dispute between London boroughs and Ken Livingstone over the cost of Transport for London's 'freedom pass' has continued, with the councils branding the scheme a "stealth tax".
"London Councils says it wants the law changed to give the government the final say on how the expenses should be shared between local authorities and TfL." [from ePoltix.com]
"All six candidates for the deputy leadership of the Labour Party have given Crossrail a boost by backing the Â£8.7bn transport project.
"Hilary Benn, the favourite choice among local party activists, sounded a note of caution, however, by warning that the London underground rail scheme is a "considerable investment".
"Cost has emerged as the biggest barrier to approving the most expensive transport infrastructure project since the west coast mainline upgrade. The incoming prime minister, Gordon Brown, is know to be a Crossrail supporter in principle but has yet to approve funding." [from Guardian Unlimited]