The decision was made following a value for money assessment of the bids from Metronet and TubeLines, the two consortia seeking to rejuvenate the ailing London Underground system.
E&Y’s report, commissioned by Transport secretary Stephen Byers, concluded that LT’s recommendation to push ahead with the public private partnership was a ‘subjective one’ but was supported by its analysis.
Byers, however, admitted the plans would not go ahead if the contracts failed to satisfy the Health and Safety Executive.
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
Colin responds to the call for 'Darwinism' in accountancy
A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team