London tube contractor loses funding row

Ferrovial-owned Tube Lines, responsible for upgrading London’s underground rail, has lost a compensation claim of £327m for overruns incurred in works for two of the underground’s lines. The decision is another blow for the PPP contractor, which was told in December that its capex programme for the next seven years was £1.35bn too expensive.

To view this content, you need to sign in.


You should only be asked to sign in once. Not the case? Click here


Register now to access this content and more for free.

Share this