LONDON UNDERGROUND PPP

That this House welcomes the report of the House of Commons Transport Select Committee into London Underground and the public-private partnership (PPP) agreements; notes that the Committee concluded that the collapse of Metronet inclined the Committee to take the view that the PPP model was flawed and probably inferior to traditional public sector management and that proper public scrutiny and the opportunity of meaningful control is likely to provide superior value for money; further notes that the collapse of the Metronet contract is likely to cost the taxpayer £1.7 billion; therefore calls on the Government to do all within its power to ensure that the Metronet contracts are brought under the direct control of London Underground at the earliest possible time; and, to safeguard the future interest of the taxpayer, further calls on the Government to take steps to bring the Tube Lines contract under the control of London Underground.