TfL allowed to control London Tube

6 Feb 03
Mayor Ken Livingstone's Transport for London will finally be given control of the capital's Underground in early summer after a deal with the government this week.

07 February 2003

Under the agreement, TfL will be allowed to take up London Underground's unspent reserves for the public-private partnership scheme, estimated at £200m, and to ask the government for extra funding to cover unforeseen circumstances. In return, Livingstone will drop his latest judicial appeal against the PPP scheme.

Transport Commissioner Bob Kiley said: 'At last I can start the job that I came to London to do: put the Tube back on track to being the best mass transport system in the world.'


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