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Arbiter's guidance on Metronet's tube PPP contracts

Balfour Beatty, the international engineering, construction and services group has a 20% interest in Metronet Rail, the organisation responsible for the renewal of nine of London’s twelve tube lines.

As part of agreed contractual arrangements, the office of the Public Private Partnership Arbiter published its guidance today in respect of Metronet’s performance over the first three years of its concession. The Arbiter’s report highlights some areas in which Metronet’s organisation and performance require improvement in order to be “Economic and Efficient” under the contract.

Metronet and its owners have been addressing these issues for some time and are well advanced in introducing new organisational and process arrangements to improve its performance in line with the Arbiter’s criteria.

Metronet’s response to the Arbiter’s guidance can be found on www.metronetrail.com.

Enquiries to:

Tim Sharp

Tel: 020 7216 6884

www.balfourbeatty.com