Brexit & EconomyPoliticsNAO called in over Metronet collapse

NAO called in over Metronet collapse

Watchdog to investigate London Underground PPP contract

Public audit watchdog, the National
Audit Office
, is set to investigate the
London Underground
PPP
contract following the collapse
of Metronet, according to a report in
The Evening Standard.

An NAO spokesman confirmed that the body was currently ‘monitoring and
gathering information’ ahead of a full scale inquiry into events surrounding
Metronet.

According to the paper, NAO chief John Bourn confirmed the probe would take
place in a letter to shadow transport secretary Theresa Villiers.

The scope of his investigation will only be decided once the future of
Metronet’s contracts had been resolved.

Further reading:

E&Y calls in investment bank to value Metronet

Metronet workers turn on administrators

Metronet revelations due this week

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