London Underground Public Private Partnership

HL Deb 29 October 2002 vol 640 c29WA

Lord Oakeshott of Seagrove Bay

asked Her Majesty's Government:

Whether they are satisfied that the Tubelines Consortium is of undoubted financial standing and demonstrably capable of fulfilling all its obligations throughout the period of the London Underground public private partnership; and [HL6011]

What further due diligence inquiries they have made into the financial standing of the members of the Tubelines Consortium since the announcement of its preferred bidder status for the London Underground public private partnership. [HL6012]

Lord Macdonald of Tradeston:

The competitions for the PPP contracts to modernise the London Underground's infrastructure are the responsibility of London Underground Limited. Assessment of the capacity of the preferred bidders to carry out their obligations under the contracts is an important part of those competitions.