5 June 2009
The National Audit Office today published its study on the circumstances surrounding Metronet’s collapse and identifies lessons for the future.
Baroness Jo Valentine, Chief Executive of leading business organisation London First said:
"This report offers valuable insights into Metronet's collapse and its dramatic consequences for the vital Tube upgrade. That was then - this is now. The Mayor must assure tax and fare payers that he can banish the ghosts of Metronet past. He should allow the independent PPP Arbiter Chris Bolt, to shine a floodlight on the dark Underground recesses of Metronet's current work programme, under Transport for London management. Mr Bolt’s most recently published research* reveals that without transparency and scrutiny, Metronet may continue to dog the investment case for Tube modernisation."