Administrators apply for date of Metronet transfer

After former mayor Ken Livingstone gave the nod, the administrators from
& Young
(E&Y) yesterday applied to court to appoint the date when
Metronet can be handed over to Transport for London (TfL).

The hearing of the application for when transfer schemes to transfer the
business undertaken by Metronet to two subsidiaries of TfL will come into force,
will take place on May 23.

E&Y said creditors had been advised of the details of the court hearing
and the terms of the transfer schemes.

Further reading:

Metronet handover approaching

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