Metronet may face administration "Metronet Rail, the main private contractor on the London Underground, could face administration after an arbiter on Monday awarded it only a small proportion of the emergency funding it had sought for the next year.
"Chris Bolt, the arbiter of the 30-year, £30bn London Underground public-private partnership, said Metronet should receive only £121m of the £551m it had sought for its BCV infrastructure company, which works on the Bakerloo, Central, Victoria and Waterloo & City deep-level tube lines." [from the FT.com]
Transport went from a perceived "achilles heel" during the time of the bid campaign to one of our great strengths. We want 2012 to be the "public transport games", and are absolutely confident the public transport system, not just in London, but around the UK, will be ready and able.
[from the Independent]
Today is the final deadline for the Conservative candidates for the Mayor to register their interest in standing.
The Times features a thoughtful article about Boris Johnson's chances of running, and winning.