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Comment on the Transport Committee PPP update (25 Mar 2010)

Commenting on the Transport Committee report – Update on the London Underground and the public-private (PPP) partnership agreements – Baroness Jo Valentine, Chief Executive of London First, said:

“London’s economy needs the Tube to work better. All public spending will come under greater scrutiny, so more comparability and transparency will help secure this vital project.

“Rather than locking horns like rutting stags, Boris and Tube Lines should heed the committee’s recommendations and find a way of working together and concentrate on delivering the vital tube modernisation.”

ENDS


Notes to Editors

London First is a business membership organisation with a mission to make London the best city in the world in which to do business. London First undertakes this by mobilising the experience, expertise and enthusiasm of the private sector to develop practical solutions to the challenges facing London. London First also seeks to persuade central and London government to make the investments that London needs in its infrastructure.

London First delivers its activities with the support of the capital’s major businesses in key sectors such as finance, professional services, property, ICT, creative industries, hospitality and retail. Membership also includes further education colleges and all of London’s universities. London First members represent over a quarter of London’s GDP.

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