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.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal