x404.co.uk
http://www.x404.co.uk/forum/

Tube funding gap of £400m could see upgrades hit the buffers
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=6658
Page 1 of 1

Author:  Amnesia10 [ Tue Mar 02, 2010 10:29 am ]
Post subject:  Tube funding gap of £400m could see upgrades hit the buffers

http://www.guardian.co.uk/business/2010 ... p-upgrades

Quote:
A TfL spokesman said Tube Lines's expenses had been inflated by an estimated £400m in management secondment fees paid to the company's co-owners: Amey, a subsidiary of Ferrovial, the Spanish majority shareholder in airport group BAA; and Bechtel, the US project management specialist.

That seems excessive. Amazing it is the exact amount that they are short. It shows that such schemes were just a scam on the taxpayer.

Page 1 of 1 All times are UTC
Powered by phpBB® Forum Software © phpBB Group
https://www.phpbb.com/