RMT warns of new PPP collapse on Tube as £2 billion funding row erupts between TfL and Tube Lines
Submitted by Admin on 6 July, 2009 - 12:00Tube union RMT warned today of another potential privatisation collapse on the Tube as a £2 billion funding row broke out between Tube Lines and Transport for London which could put essential works and thousands of jobs at risk in the run up to the 2012 Olympics.
Tube Lines, which holds the contract for the repairs and refurbishment of the Piccadilly, Northern and Jubilee Lines, has attempted to hack £2 billion from it's estimated costs of £ 7.2 billion on the work programme for the next seven and half years with a significant scaling back of the scope of the planned works.