Tfl Ready to Take Over Failing Metronets Tube Contracts

Summary


METRONET is set to surrender its two contracts for maintaining the Tube and go into administration.

A formal announcement will probably be made tomorrow. The 30- year contracts provided Metronet with profits of 1 million a week until spending ran out of control.

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Extract


Tfl Ready to Take Over Failing Metronets Tube Contracts

Transport for London is rea...

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