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