PracticeAccounting FirmsE&Y gives green light for Tube PPP

E&Y gives green light for Tube PPP

London Transport has given the go-ahead for the controversial part-privatisation of the Tube, a move backed by a report from Ernst & Young.

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.

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

1h Emma Smith, Managing Editor
Where is your next client coming from?

Accounting Firms Where is your next client coming from?

2d James Noble, Propero Partners
Specialist VAT service provider joins MHA

Accounting Firms Specialist VAT service provider joins MHA

2d Austin Clark, Reporter
Top 50+50: Big Four hold steady, shake-up outside Top 20

Accounting Firms Top 50+50: Big Four hold steady, shake-up outside Top 20

2w Emma Smith, Managing Editor
Top 50+50: Revenue rises spark rankings shake-up

Accounting Firms Top 50+50: Revenue rises spark rankings shake-up

2w Emma Smith, Managing Editor
Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

1w Austin Clark, Reporter
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2w Alia Shoaib, Reporter
Top 50+50: Firms fall short on diversity

Accounting Firms Top 50+50: Firms fall short on diversity

2w Alia Shoaib, Reporter