London Underground Public Private Partnerships

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London Underground Public Private Partnerships

Great Britain. Parliament. House of Commons. Committee of Public Accounts
London Underground Public Private Partnerships Book PDF

Author : Great Britain. Parliament. House of Commons. Committee of Public Accounts
Publisher : The Stationery Office
Page : 68 pages
File Size : 43,9 Mb
Release : 2005
Category : Public-private sector cooperation
ISBN : 0215023498

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London Underground Public Private Partnerships by Great Britain. Parliament. House of Commons. Committee of Public Accounts Pdf

In March 2003, the Government signed three 30-year public private partnership (PPP) deals worth an estimated £15.7 billion for the maintenance and renewal of London Underground trains and stations, track and signalling, after a five-year procurement process which cost £455 million. Under the PPPs, London Underground retains responsibility for operations and safety, whilst three private sector infrastructure companies (infracos) maintain and renew the infrastructure. There is a built-in periodic review mechanism, untried in any other PPP arrangement, which enables the parties to respecify requirements and make changes to prices. Ownership of London Underground was transferred to Transport for London in July 2003, which reports to the Mayor of London, although the Department for Transport still retains an interest. Following on from two NAO reports (HCP 644, session 2003-04, ISBN 0102928339 and HCP 645, session 2003-04, ISBN 0102928320) published in June 2004, the Committee's report examines the rationale for the PPPs, the contract price and other costs, and the contract management arrangements.

The Financial Analysis for the London Underground Public Private Partnerships

Great Britain. National Audit Office
The Financial Analysis for the London Underground Public Private Partnerships Book PDF

Author : Great Britain. National Audit Office
Publisher : Stationery Office Books (TSO)
Page : 22 pages
File Size : 48,8 Mb
Release : 2000-01-01
Category : Public-private sector cooperation
ISBN : 0102762015

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The Financial Analysis for the London Underground Public Private Partnerships by Great Britain. National Audit Office Pdf

The Department of Environment, Transport and the Regions (DETR) and London Transport intend to award Public Private Partnership (PPP) contracts to private sector bidders only if they pass two separate tests, the safety test and the value for money test. The value for money test assesses whether bidders offer superior value for money when compared to an alternative, publicly-funded infrastructure operation. To inform the judgement about value for money, London Underground has done extensive financial analysis and has prepared estimates of the cost of publicly funding the infrastructure under alternative financing scenarios. These cost estimates are called Public Sector Comparators. This report considers the extent to which these financial analyses resolve the value for money test. It focuses on London Underground's methodology for the financial analysis of bids and the Comparators. The Report considers that London Underground financial analysis has been thorough and provides useful but incomplete insights about the value for money of alternative approaches to managing and funding the Underground's infrastructure. The financial analysis does not, and could not, cover all the important factors needed to assess value for money. It is essential that the decision-makers understand what lies behind the figures before deciding which option to take forward. The safety test is being considered by London Transport and the Health and Safety Executive and is not part of this report.

The London Underground and the public-private partnership agreements

Great Britain: Parliament: House of Commons: Transport Committee
The London Underground and the public private partnership agreements Book PDF

Author : Great Britain: Parliament: House of Commons: Transport Committee
Publisher : The Stationery Office
Page : 134 pages
File Size : 40,8 Mb
Release : 2008-01-25
Category : Business & Economics
ISBN : 0215038312

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The London Underground and the public-private partnership agreements by Great Britain: Parliament: House of Commons: Transport Committee Pdf

This report from the Transport Committee, examines London Underground and the Public-Private Partnership Agreements. The Government originally announced proposals for modernising the London Underground network system via Public-Private Partnership (PPP) agreements in 1998. Three contracts were drawn up with: (i) Tube Lines for the maintenance and renewal of the Jubilee, Piccadilly and Northern Lines; (ii) with Metronet Rail BVC for the maintenance and renewal of the Bakerloo, Central, Victoria & Waterloo & City Lines; (iii) with Metronet Rail SSL, responsible for the maintenance and renewal of the "sub-surface lines": the Circle, District, Hammersmith & City, Metropolitan & East London Lines. These PPP Agreements, 30 years in duration, were arrangements to maintain, renew and upgrade parts of London Underground by private sector infrastructure companies (Infracos), whilst London Underground is responsible for services to customers. The PPP Agreements also set out a performance-related incentive and penalty scheme to remunerate the Infracos for the improvements they make to the network. In May 2007, Metronet admitted an overspend of £1 billion and was refused access to loan facilities by the banks. It then made a reference to the PPP Arbiter, which in turn triggered an Extraordinary Review (which occurs when extra costs are incurred above the level allowed for the bid). Metronet put in a bid for £551m but the PPP Arbiter provisionally concluded that a sum of £121m was appropriate. Metronet subsequently went into administration on 18 July 2007. The report sets out a number of conclusions and recommendations, including: contracts that were supposed to deliver 35 station upgrades, in fact delivered only 14, 40% of the requirement; stations that were supposed to cost Metronet SSL £2m, cost £7.5m, with only 65% of schedule track renewal accomplished; the Committee criticises the consequences of the imposition of PPP on Transport for London, as a "lamentable state of affairs", with the future of most of London Underground's upgrade and maintenance work in doubt; the Committee states, that the Government should remember the failure of Metronet before it considers entering similar arrangements; that the Government should publish a candid analysis of the events preceding Metronet's collapse and its consequences; the Committee believe that the PPP model was flawed and probably inferior to traditional public-sector management; that the Government needs to prioritise transparency and clarity to taxpayers and ensure that any future contracts result in clear accountability.

London Underground

Great Britain. Parliament House of Commons. Transport, Local Government and the Regions Committee,Local Government Transport Staff
London Underground Book PDF

Author : Great Britain. Parliament House of Commons. Transport, Local Government and the Regions Committee,Local Government Transport Staff
Publisher : Unknown
Page : 11 pages
File Size : 45,5 Mb
Release : 2002
Category : Electronic
ISBN : 0215002210

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London Underground by Great Britain. Parliament House of Commons. Transport, Local Government and the Regions Committee,Local Government Transport Staff Pdf

This report outlines the Committee's immediate main concerns regarding the future of London Underground and the proposed Public Private Partnership (PPP), following on from its previous report (HCP 387-I, 2001-02; ISBN: 0215001532) in which it highlighted a number of key problems with the PPP scheme and recommended an alternative strategy be sought. Subsequently, the Government has announced its intention to proceed with the PPP. The Committee questions the analysis upon which this decision has been taken, criticises the fact that no serious alternative to the PPP has been considered, and notes that it has cost £100 million to develop the PPP schemes. It recommends that MPs must be allowed a debate and vote on the future of London Underground and the decision to proceed with the PPP.

London Underground

Great Britain. Parliament House of Commons. Transport, Local Government and the Regions Committee,Local Government Transport Staff
London Underground Book PDF

Author : Great Britain. Parliament House of Commons. Transport, Local Government and the Regions Committee,Local Government Transport Staff
Publisher : Unknown
Page : 38 pages
File Size : 45,8 Mb
Release : 2002
Category : Electronic
ISBN : 0215001532

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London Underground by Great Britain. Parliament House of Commons. Transport, Local Government and the Regions Committee,Local Government Transport Staff Pdf

This report examines the Government's proposals for modernising the London Underground network by means of a Public Private Partnership (PPP). It considers the management arrangements for the PPP and the likely impact on the safety of the network; whether the proposals will offer better value for money than an alternative public sector controlled option; current and future funding issues; and the public subsidy requirements. The PPP deal proposed for the Underground is the most complex infrastructure PPP ever developed and key concerns highlighted in the report include: the likelihood that the PPP will lead to significant and expensive disputes over the contracts and between staff and employers; a number of key factors in the assessment of value for money are subjective and difficult or impossible to quantify; and little risk is likely to be transferred to the private sector, therefore undermining the rationale for the PPP. Overall, the Committee recommends that 1) the Government should not approve the PPP deal, and should develop an alternative strategy in conjunction with the Mayor and Transport for London; 2) whatever scheme is chosen, the Government should provide the same type of long-term funding commitment to the Underground as was envisaged under the PPP proposals.

Update on the London Underground and the public-private (PPP) partnership agreements

Great Britain: Parliament: House of Commons: Transport Committee
Update on the London Underground and the public private PPP partnership agreements Book PDF

Author : Great Britain: Parliament: House of Commons: Transport Committee
Publisher : The Stationery Office
Page : 90 pages
File Size : 54,7 Mb
Release : 2010-03-26
Category : Political Science
ISBN : 0215545303

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Update on the London Underground and the public-private (PPP) partnership agreements by Great Britain: Parliament: House of Commons: Transport Committee Pdf

Update on the London Underground and the public-private (PPP) partnership Agreements : Seventh report of session 2009-10, report, together with formal minutes, oral and written Evidence

London Underground PPP

Great Britain. National Audit Office
London Underground PPP Book PDF

Author : Great Britain. National Audit Office
Publisher : Unknown
Page : 55 pages
File Size : 46,5 Mb
Release : 2004
Category : Public-private sector cooperation
ISBN : 0102928320

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London Underground PPP by Great Britain. National Audit Office Pdf

In February 2002 approval was given for the infrastructure of the London Underground to be transferred to three Public Private Partnerships (PPP). This report examines whether these PPP deals are likely to give good value for money. It concludes that: the deals are very complex because of output-based contracts when there was limited knowledge of some of the least accessible parts of the infrastructure there is only limited assurance that the price paid to the private sector will be reasonable the process of negotiating the deals was costly ( pound]455 million or 1.5% of the 30 year deal value) the deals offer improved prospects, compared to the pre 1997 investment regime but there is no certainty that the infrastructure upgrade will be delivered.

Public–Private Partnerships and the Law

Yseult Marique
Public Private Partnerships and the Law Book PDF

Author : Yseult Marique
Publisher : Edward Elgar Publishing
Page : 328 pages
File Size : 50,9 Mb
Release : 2014-08-30
Category : Business & Economics
ISBN : 9781781004555

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Public–Private Partnerships and the Law by Yseult Marique Pdf

This timely book examines the legal regulation of Public_Private Partnerships (PPPs) and provides a systematic overview of PPPs and their functions. It covers both the contractual relationships between public and private actors and the relationships be

International Handbook on Public-Private Partnership

Graeme A. Hodge,Carsten Greve,Anthony E. Boardman
International Handbook on Public Private Partnership Book PDF

Author : Graeme A. Hodge,Carsten Greve,Anthony E. Boardman
Publisher : Edward Elgar Publishing
Page : 656 pages
File Size : 46,6 Mb
Release : 2010-11-30
Category : Business & Economics
ISBN : 9781849804691

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International Handbook on Public-Private Partnership by Graeme A. Hodge,Carsten Greve,Anthony E. Boardman Pdf

Public Private Partnerships (PPPs) promise much and present an exciting policy option. Yet as this Handbook reveals there is still much debate about the meaning of partnership, and the degree to which potential advantages are in fact being delivered. In this timely Handbook, leading scholars from around the world explore the challenges presented by infrastructure PPPs, and contemplate what lies ahead as governments balance the need to provide innovative new infrastructure against the requirement for good public governance. This Handbook builds on a range of exciting theoretical lenses that span several disciplinary boundaries. It presents innovative insights and informed perspectives from an international base of empirical evidence. This essential Handbook will prove an invaluable reference work for academics, advanced post-graduate students and commentators of PPPs, as well as professionals, infrastructure regulators and government policy advisors.

London Underground

Great Britain. National Audit Office
London Underground Book PDF

Author : Great Britain. National Audit Office
Publisher : Unknown
Page : 73 pages
File Size : 54,5 Mb
Release : 2004
Category : Subways
ISBN : 0102928339

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London Underground by Great Britain. National Audit Office Pdf

This report examines whether the PPP deals for running of the London Underground infrastructure are likely to be successful. The assessment was based around three questions: are performance outcomes likely to improve; are the key success factors in place for the partnership to work; are their any constraints.It concludes that so far performance against benchmarks has been mixed but there is potential to deliver improvements for customers; however it is not certain that the oversight mechanisms will enable London Underground to deliver the outcomes promised in the contracts.

ITF Round Tables Better Regulation of Public-Private Partnerships for Transport Infrastructure

International Transport Forum
ITF Round Tables Better Regulation of Public Private Partnerships for Transport Infrastructure Book PDF

Author : International Transport Forum
Publisher : OECD Publishing
Page : 231 pages
File Size : 40,5 Mb
Release : 2013-09-26
Category : Electronic
ISBN : 9789282103951

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ITF Round Tables Better Regulation of Public-Private Partnerships for Transport Infrastructure by International Transport Forum Pdf

The report examines the nature of risks and uncertainty associated with different types of public-private partnership projects and the practical consequences of transferring risks to private partners.

Public-Private Partnerships

Paolo Urio
Public Private Partnerships Book PDF

Author : Paolo Urio
Publisher : University Press of America
Page : 480 pages
File Size : 43,7 Mb
Release : 2010-12-18
Category : Political Science
ISBN : 9780761850717

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Public-Private Partnerships by Paolo Urio Pdf

This book aims to discover the conditions under which public private partnerships may provide a viable alternative to the provision of public services and infrastructures by the state, while achieving efficient, sustainable, peaceful, and equitable development in four transition countries: China, Poland, Russia and Ukraine.

14th report [session 1999-2000]

Great Britain. Parliament. House of Commons. Environment, Transport, and Regional Affairs Committee
14th report session 1999 2000 Book PDF

Author : Great Britain. Parliament. House of Commons. Environment, Transport, and Regional Affairs Committee
Publisher : Unknown
Page : 113 pages
File Size : 47,9 Mb
Release : 2000
Category : Public-private sector cooperation
ISBN : 0102487006

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14th report [session 1999-2000] by Great Britain. Parliament. House of Commons. Environment, Transport, and Regional Affairs Committee Pdf

A further inquiry into the public-private partnership (PPP) for the modernisation of London Underground. The inquiry considered the level of funding required, the development of PPPs for the Underground, and what alternative proposals there were, to ensure that the best option is chosen and put in place as quickly as possible. Evidence was taken from the London mayoral candidates as well as from the Deputy Prime Minister and academics.

Handbook on Public Private Partnerships in Transportation, Vol I

Simon Hakim,Robert M. Clark,Erwin A. Blackstone
Handbook on Public Private Partnerships in Transportation Vol I Book PDF

Author : Simon Hakim,Robert M. Clark,Erwin A. Blackstone
Publisher : Springer Nature
Page : 350 pages
File Size : 54,5 Mb
Release : 2022-01-03
Category : Law
ISBN : 9783030834845

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Handbook on Public Private Partnerships in Transportation, Vol I by Simon Hakim,Robert M. Clark,Erwin A. Blackstone Pdf

This book discusses the role of public-private partnerships (PPPs) in global transportation infrastructure. Seen as a way to provide vital services in an era of shrinking government budgets, public-private partnerships have become an increasingly important part of travel infrastructure worldwide. This book describes and analyzes the structure of various models of PPPs in various countries, evaluating their effectiveness, and drawing policy implications for future use. Written by leading international researchers and practitioners in the transportation field, each chapter is a case study on the adoption, implementation, and outcome of transportation services in different municipalities. Taken together, these diverse case studies provide an integrated framework for evaluating and using PPPs. Providing rigorous empirical analysis of PPPs in transportation, this volume will be of interest to researchers in public administration, political science, and economics as well as practitioners and policymakers involved in establishing and monitoring PPPs in transportation.

New Forms of Procurement

Marcus C. Jefferies,Steve Rowlinson
New Forms of Procurement Book PDF

Author : Marcus C. Jefferies,Steve Rowlinson
Publisher : Routledge
Page : 350 pages
File Size : 48,5 Mb
Release : 2016-04-14
Category : Technology & Engineering
ISBN : 9781317635024

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New Forms of Procurement by Marcus C. Jefferies,Steve Rowlinson Pdf

The last three decades have seen the evolution of Public–Private Partnerships (PPPs) and Relationship Contracting (RC) as alternative procurement approaches to traditional methods of delivering public infrastructure. The potential for growth in these new forms of procurement has led to an on-going debate on the nature of requirements, particularly in terms of policy development, encouraging private investment and value for money. A key argument for Governments to procure projects using PPPs and RC is that the process delivers better value for all the stakeholders, including the community and asset end-users. This wide-ranging study of such crucial procurement issues includes international historical context, collaboration and risk management, with a focus on sustainable procurement approaches. The international significance of PPPs and RC procurement is reinforced with case study examples from the UK, Europe, North America, South Africa and the Asia-Pacific. It features cutting-edge research from around the world on subjects such as: Reviews and reflection of the PPP approach Project Alliancing Implementation of RC in developing countries Changes in procurement policy Value for money, collaboration and stakeholder involvement Growth and emergence of PPPs in Asia Risk management Including contributions from some of the world's most prominent academics and practitioners in this field, it is a crucial guide to the strategic choices governments now face for the provision of infrastructure, between using ‘public’ or ‘private’ mechanisms, or a combination of the two.