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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