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Author: Great Britain: Parliament: House of Commons: Transport Committee
Publisher: The Stationery Office
ISBN: 9780215545305
Category : Political Science
Languages : en
Pages : 90
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Book Description
Update on the London Underground and the public-private (PPP) partnership Agreements : Seventh report of session 2009-10, report, together with formal minutes, oral and written Evidence
Author: Great Britain: Parliament: House of Commons: Transport Committee
Publisher: The Stationery Office
ISBN: 9780215545305
Category : Political Science
Languages : en
Pages : 90
Get Book Here
Book Description
Update on the London Underground and the public-private (PPP) partnership Agreements : Seventh report of session 2009-10, report, together with formal minutes, oral and written Evidence
Author: Great Britain. Parliament House of Commons. Transport Committee
Publisher:
ISBN:
Category : Public-private sector cooperation
Languages : en
Pages :
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Book Description
Author: Great Britain: Parliament: House of Commons: Transport Committee
Publisher: The Stationery Office
ISBN: 9780215038319
Category : Business & Economics
Languages : en
Pages : 134
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Book Description
This report from the Transport Committee, examines London Underground and the Public-Private Partnership Agreements. The Government originally announced proposals for modernising the London Underground network system via Public-Private Partnership (PPP) agreements in 1998. Three contracts were drawn up with: (i) Tube Lines for the maintenance and renewal of the Jubilee, Piccadilly and Northern Lines; (ii) with Metronet Rail BVC for the maintenance and renewal of the Bakerloo, Central, Victoria & Waterloo & City Lines; (iii) with Metronet Rail SSL, responsible for the maintenance and renewal of the "sub-surface lines": the Circle, District, Hammersmith & City, Metropolitan & East London Lines. These PPP Agreements, 30 years in duration, were arrangements to maintain, renew and upgrade parts of London Underground by private sector infrastructure companies (Infracos), whilst London Underground is responsible for services to customers. The PPP Agreements also set out a performance-related incentive and penalty scheme to remunerate the Infracos for the improvements they make to the network. In May 2007, Metronet admitted an overspend of £1 billion and was refused access to loan facilities by the banks. It then made a reference to the PPP Arbiter, which in turn triggered an Extraordinary Review (which occurs when extra costs are incurred above the level allowed for the bid). Metronet put in a bid for £551m but the PPP Arbiter provisionally concluded that a sum of £121m was appropriate. Metronet subsequently went into administration on 18 July 2007. The report sets out a number of conclusions and recommendations, including: contracts that were supposed to deliver 35 station upgrades, in fact delivered only 14, 40% of the requirement; stations that were supposed to cost Metronet SSL £2m, cost £7.5m, with only 65% of schedule track renewal accomplished; the Committee criticises the consequences of the imposition of PPP on Transport for London, as a "lamentable state of affairs", with the future of most of London Underground's upgrade and maintenance work in doubt; the Committee states, that the Government should remember the failure of Metronet before it considers entering similar arrangements; that the Government should publish a candid analysis of the events preceding Metronet's collapse and its consequences; the Committee believe that the PPP model was flawed and probably inferior to traditional public-sector management; that the Government needs to prioritise transparency and clarity to taxpayers and ensure that any future contracts result in clear accountability.
Author: Great Britain. Parliament. House of Commons. Transport Committee
Publisher:
ISBN: 9780215554741
Category :
Languages : en
Pages : 8
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Book Description
Response to HC 100 (ISBN 9780215545305)
Author: Great Britain. Parliament. House of Commons. Committee of Public Accounts
Publisher: The Stationery Office
ISBN: 9780215023490
Category : Public-private sector cooperation
Languages : en
Pages : 68
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Book Description
In March 2003, the Government signed three 30-year public private partnership (PPP) deals worth an estimated £15.7 billion for the maintenance and renewal of London Underground trains and stations, track and signalling, after a five-year procurement process which cost £455 million. Under the PPPs, London Underground retains responsibility for operations and safety, whilst three private sector infrastructure companies (infracos) maintain and renew the infrastructure. There is a built-in periodic review mechanism, untried in any other PPP arrangement, which enables the parties to respecify requirements and make changes to prices. Ownership of London Underground was transferred to Transport for London in July 2003, which reports to the Mayor of London, although the Department for Transport still retains an interest. Following on from two NAO reports (HCP 644, session 2003-04, ISBN 0102928339 and HCP 645, session 2003-04, ISBN 0102928320) published in June 2004, the Committee's report examines the rationale for the PPPs, the contract price and other costs, and the contract management arrangements.
Author: Great Britain. National Audit Office
Publisher: Stationery Office Books (TSO)
ISBN: 9780102762013
Category : Public-private sector cooperation
Languages : en
Pages : 22
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Book Description
The Department of Environment, Transport and the Regions (DETR) and London Transport intend to award Public Private Partnership (PPP) contracts to private sector bidders only if they pass two separate tests, the safety test and the value for money test. The value for money test assesses whether bidders offer superior value for money when compared to an alternative, publicly-funded infrastructure operation. To inform the judgement about value for money, London Underground has done extensive financial analysis and has prepared estimates of the cost of publicly funding the infrastructure under alternative financing scenarios. These cost estimates are called Public Sector Comparators. This report considers the extent to which these financial analyses resolve the value for money test. It focuses on London Underground's methodology for the financial analysis of bids and the Comparators. The Report considers that London Underground financial analysis has been thorough and provides useful but incomplete insights about the value for money of alternative approaches to managing and funding the Underground's infrastructure. The financial analysis does not, and could not, cover all the important factors needed to assess value for money. It is essential that the decision-makers understand what lies behind the figures before deciding which option to take forward. The safety test is being considered by London Transport and the Health and Safety Executive and is not part of this report.
Author: Graham Haughton
Publisher: Routledge
ISBN: 1134907710
Category : Social Science
Languages : en
Pages : 247
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Book Description
This book looks at the transition from New Labour’s ‘Spatial Planning’ approach to the Coalition Government’s preferred ‘Localism’ approach. Localism we are told will liberate local planners from the heavy hand of central government and allow planning to flourish at the local level. Alternatively, austerity cuts nationally mean planning faces cuts. In just two years the machinery of regional planning has been dismantled and local authorities are being asked to do more with less. Innovation is also evident, however, notably with the introduction of neighbourhood planning and Local Enterprise Partnerships. This collection contain chapters looking at the planning system overall, sustainability and planning, new approaches to infrastructure planning, and the critical interface between urban policy, local economic development and planning. This book was published as a special issue of Planning Practice and Research. It also contains a brand new afterword, written by the editors: ‘Localism, austerity and planning.’
Author: Stephen Glaister
Publisher: Institute for Public Policy Research
ISBN: 9781860301261
Category : Business & Economics
Languages : en
Pages : 56
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Book Description
Author: Great Britain. Parliament House of Commons. Transport, Local Government and the Regions Committee
Publisher:
ISBN: 9780215001535
Category :
Languages : en
Pages : 38
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Book Description
This report examines the Government's proposals for modernising the London Underground network by means of a Public Private Partnership (PPP). It considers the management arrangements for the PPP and the likely impact on the safety of the network; whether the proposals will offer better value for money than an alternative public sector controlled option; current and future funding issues; and the public subsidy requirements. The PPP deal proposed for the Underground is the most complex infrastructure PPP ever developed and key concerns highlighted in the report include: the likelihood that the PPP will lead to significant and expensive disputes over the contracts and between staff and employers; a number of key factors in the assessment of value for money are subjective and difficult or impossible to quantify; and little risk is likely to be transferred to the private sector, therefore undermining the rationale for the PPP. Overall, the Committee recommends that 1) the Government should not approve the PPP deal, and should develop an alternative strategy in conjunction with the Mayor and Transport for London; 2) whatever scheme is chosen, the Government should provide the same type of long-term funding commitment to the Underground as was envisaged under the PPP proposals.
Author: Great Britain. National Audit Office
Publisher:
ISBN: 9780102928327
Category : Public-private sector cooperation
Languages : en
Pages : 55
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Book Description
In February 2002 approval was given for the infrastructure of the London Underground to be transferred to three Public Private Partnerships (PPP). This report examines whether these PPP deals are likely to give good value for money. It concludes that: the deals are very complex because of output-based contracts when there was limited knowledge of some of the least accessible parts of the infrastructure there is only limited assurance that the price paid to the private sector will be reasonable the process of negotiating the deals was costly ( pound]455 million or 1.5% of the 30 year deal value) the deals offer improved prospects, compared to the pre 1997 investment regime but there is no certainty that the infrastructure upgrade will be delivered.
