LondonUnlocked

TfL Looks Beyond Metronet

LondonUnlockedEditor

Contract Journal carries the news that London Underground has unveiled the 18 shortlisted firms who are bidding to work on up to £450m of building and civils work.

The article goes on to state that TfL is planning for the future:

The value of the work could increase. LUL has indicated to interested bidders that once failed PPP consortium Metronet is out of administration, more than £1bn of work under its two PPP contracts could also be up for grabs.

This is a significant development, and suggests that TfL is confident that it will soon be able to openly tender these contracts. Hopefully the Mayor will speak more on this in the coming days.