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The London Underground And The Public Private Partnership Agreements
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Author :Great Britain: Parliament: House of Commons: Transport Committee Publisher :The Stationery Office ISBN 13 :9780215038319 Total Pages :134 pages Book Rating :4.0/5 (383 download)
Book Synopsis The London Underground and the public-private partnership agreements by : Great Britain: Parliament: House of Commons: Transport Committee
Download or read book The London Underground and the public-private partnership agreements written by Great Britain: Parliament: House of Commons: Transport Committee and published by The Stationery Office. This book was released on 2008-01-25 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report from the Transport Committee, examines London Underground and the Public-Private Partnership Agreements. The Government originally announced proposals for modernising the London Underground network system via Public-Private Partnership (PPP) agreements in 1998. Three contracts were drawn up with: (i) Tube Lines for the maintenance and renewal of the Jubilee, Piccadilly and Northern Lines; (ii) with Metronet Rail BVC for the maintenance and renewal of the Bakerloo, Central, Victoria & Waterloo & City Lines; (iii) with Metronet Rail SSL, responsible for the maintenance and renewal of the "sub-surface lines": the Circle, District, Hammersmith & City, Metropolitan & East London Lines. These PPP Agreements, 30 years in duration, were arrangements to maintain, renew and upgrade parts of London Underground by private sector infrastructure companies (Infracos), whilst London Underground is responsible for services to customers. The PPP Agreements also set out a performance-related incentive and penalty scheme to remunerate the Infracos for the improvements they make to the network. In May 2007, Metronet admitted an overspend of £1 billion and was refused access to loan facilities by the banks. It then made a reference to the PPP Arbiter, which in turn triggered an Extraordinary Review (which occurs when extra costs are incurred above the level allowed for the bid). Metronet put in a bid for £551m but the PPP Arbiter provisionally concluded that a sum of £121m was appropriate. Metronet subsequently went into administration on 18 July 2007. The report sets out a number of conclusions and recommendations, including: contracts that were supposed to deliver 35 station upgrades, in fact delivered only 14, 40% of the requirement; stations that were supposed to cost Metronet SSL £2m, cost £7.5m, with only 65% of schedule track renewal accomplished; the Committee criticises the consequences of the imposition of PPP on Transport for London, as a "lamentable state of affairs", with the future of most of London Underground's upgrade and maintenance work in doubt; the Committee states, that the Government should remember the failure of Metronet before it considers entering similar arrangements; that the Government should publish a candid analysis of the events preceding Metronet's collapse and its consequences; the Committee believe that the PPP model was flawed and probably inferior to traditional public-sector management; that the Government needs to prioritise transparency and clarity to taxpayers and ensure that any future contracts result in clear accountability.
Author :Great Britain: Parliament: House of Commons: Transport Committee Publisher :The Stationery Office ISBN 13 :9780215545305 Total Pages :90 pages Book Rating :4.5/5 (453 download)
Book Synopsis Update on the London Underground and the public-private (PPP) partnership agreements by : Great Britain: Parliament: House of Commons: Transport Committee
Download or read book Update on the London Underground and the public-private (PPP) partnership agreements written by Great Britain: Parliament: House of Commons: Transport Committee and published by The Stationery Office. This book was released on 2010-03-26 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Update on the London Underground and the public-private (PPP) partnership Agreements : Seventh report of session 2009-10, report, together with formal minutes, oral and written Evidence
Author :Great Britain. Parliament House of Commons. Transport Committee Publisher : ISBN 13 :9780215514448 Total Pages :18 pages Book Rating :4.5/5 (144 download)
Book Synopsis The London Underground and the Public-private Partnership Agreements by : Great Britain. Parliament House of Commons. Transport Committee
Download or read book The London Underground and the Public-private Partnership Agreements written by Great Britain. Parliament House of Commons. Transport Committee and published by . This book was released on 2008-03-31 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Response to 2nd report, HC 45 (ISBN 9780215038319)
Author :Great Britain. Parliament. House of Commons. Transport Committee Publisher : ISBN 13 :9780215554741 Total Pages :8 pages Book Rating :4.5/5 (547 download)
Book Synopsis Update on the London Underground and the Public-private Partnership (PPP) Agreements by : Great Britain. Parliament. House of Commons. Transport Committee
Download or read book Update on the London Underground and the Public-private Partnership (PPP) Agreements written by Great Britain. Parliament. House of Commons. Transport Committee and published by . This book was released on 2010-09-17 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: Response to HC 100 (ISBN 9780215545305)
Author :Great Britain. Parliament. House of Commons. Committee of Public Accounts Publisher :The Stationery Office ISBN 13 :9780215023490 Total Pages :68 pages Book Rating :4.0/5 (234 download)
Book Synopsis London Underground Public Private Partnerships by : Great Britain. Parliament. House of Commons. Committee of Public Accounts
Download or read book London Underground Public Private Partnerships written by Great Britain. Parliament. House of Commons. Committee of Public Accounts and published by The Stationery Office. This book was released on 2005 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: In March 2003, the Government signed three 30-year public private partnership (PPP) deals worth an estimated £15.7 billion for the maintenance and renewal of London Underground trains and stations, track and signalling, after a five-year procurement process which cost £455 million. Under the PPPs, London Underground retains responsibility for operations and safety, whilst three private sector infrastructure companies (infracos) maintain and renew the infrastructure. There is a built-in periodic review mechanism, untried in any other PPP arrangement, which enables the parties to respecify requirements and make changes to prices. Ownership of London Underground was transferred to Transport for London in July 2003, which reports to the Mayor of London, although the Department for Transport still retains an interest. Following on from two NAO reports (HCP 644, session 2003-04, ISBN 0102928339 and HCP 645, session 2003-04, ISBN 0102928320) published in June 2004, the Committee's report examines the rationale for the PPPs, the contract price and other costs, and the contract management arrangements.
Book Synopsis Update on the London Underground and the Public-private (PPP) Partnership Agreements by : Great Britain. Parliament House of Commons. Transport Committee
Download or read book Update on the London Underground and the Public-private (PPP) Partnership Agreements written by Great Britain. Parliament House of Commons. Transport Committee and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Public–Private Partnerships and the Law by : Yseult Marique
Download or read book Public–Private Partnerships and the Law written by Yseult Marique and published by Edward Elgar Publishing. This book was released on 2014-08-30 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book examines the legal regulation of Public_Private Partnerships (PPPs) and provides a systematic overview of PPPs and their functions. It covers both the contractual relationships between public and private actors and the relationships be
Book Synopsis Public-Private Partnership Projects in Infrastructure by : Jeffrey Delmon
Download or read book Public-Private Partnership Projects in Infrastructure written by Jeffrey Delmon and published by Cambridge University Press. This book was released on 2017-10-12 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructural investment is critical to economic growth, quality of life, poverty reduction, access to education, health care, and the achievement of many of the goals of a robust economy. But infrastructure is difficult for the public sector to get right. Public–private partnerships (PPPs) can help; they can provide more efficient procurement, focus on consumer satisfaction and lifecycle maintenance, and provide new sources of investment, in particular through limited recourse debt. But PPPs present challenges of their own. This book provides a practical guide to PPPs for policy makers and strategists, showing how governments can enable and encourage PPPs; providing a step-by-step analysis of the development of PPP projects; and explaining how financing works, what contractual structures look like, and how risk allocation works in practice. It includes specific discussion of each infrastructure sector, with a focus on the strategic and policy issues essential for successful development of infrastructure through PPPs. This second edition includes new sections on institutional frameworks, mechanisms for leveraging public financing, small scale PPP projects and more.
Book Synopsis New Forms of Procurement by : Marcus C. Jefferies
Download or read book New Forms of Procurement written by Marcus C. Jefferies and published by Routledge. This book was released on 2016-04-14 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last three decades have seen the evolution of Public–Private Partnerships (PPPs) and Relationship Contracting (RC) as alternative procurement approaches to traditional methods of delivering public infrastructure. The potential for growth in these new forms of procurement has led to an on-going debate on the nature of requirements, particularly in terms of policy development, encouraging private investment and value for money. A key argument for Governments to procure projects using PPPs and RC is that the process delivers better value for all the stakeholders, including the community and asset end-users. This wide-ranging study of such crucial procurement issues includes international historical context, collaboration and risk management, with a focus on sustainable procurement approaches. The international significance of PPPs and RC procurement is reinforced with case study examples from the UK, Europe, North America, South Africa and the Asia-Pacific. It features cutting-edge research from around the world on subjects such as: Reviews and reflection of the PPP approach Project Alliancing Implementation of RC in developing countries Changes in procurement policy Value for money, collaboration and stakeholder involvement Growth and emergence of PPPs in Asia Risk management Including contributions from some of the world's most prominent academics and practitioners in this field, it is a crucial guide to the strategic choices governments now face for the provision of infrastructure, between using ‘public’ or ‘private’ mechanisms, or a combination of the two.
Book Synopsis London Underground by : Great Britain. National Audit Office
Download or read book London Underground written by Great Britain. National Audit Office and published by . This book was released on 2004 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines whether the PPP deals for running of the London Underground infrastructure are likely to be successful. The assessment was based around three questions: are performance outcomes likely to improve; are the key success factors in place for the partnership to work; are their any constraints.It concludes that so far performance against benchmarks has been mixed but there is potential to deliver improvements for customers; however it is not certain that the oversight mechanisms will enable London Underground to deliver the outcomes promised in the contracts.
Book Synopsis Procuring Successful Mega-Projects by : Louise Hart
Download or read book Procuring Successful Mega-Projects written by Louise Hart and published by Routledge. This book was released on 2016-03-09 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mega-projects descending into chaos and litigation embarrass governments all over the world, as the public sector presides over fiascos that waste billions and destroy reputations. Inquiry after Inquiry finds the damaging and costly failures of major government projects can be traced back to the contract establishment process. Procuring Successful Mega-Projects, is a mentor’s guide for project directors, providing frank, fearless, practical advice on how to set up a major government contract that won’t end up in court. It’s all there: How to develop and negotiate a contract that doesn’t contain undeliverable obligations or perverse incentives but does contain the necessary provisions for successful project management. How to navigate the pitfalls of the public sector environment, from hiring freezes and governance frameworks to the complexities of managing the relationship with the Minister. How to select and manage the lawyers and other advisers, build the adviser-client relationship and recognise that unwelcome advice may not be unhelpful. How to structure and follow a bullet-proof procurement process that is fair to bidders and delivers great outcomes. Procuring Successful Mega-Projects is essential reading, not just for the project director, but for everyone with a stake in the success of a mega-project: public sector executives; Ministers; private sector tenderers; infrastructure lenders; legal, financial and technical professional service providers; and procurement and project management professionals.
Book Synopsis The Financial Analysis for the London Underground Public Private Partnerships by : Great Britain. National Audit Office
Download or read book The Financial Analysis for the London Underground Public Private Partnerships written by Great Britain. National Audit Office and published by Stationery Office Books (TSO). This book was released on 2000-01-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department of Environment, Transport and the Regions (DETR) and London Transport intend to award Public Private Partnership (PPP) contracts to private sector bidders only if they pass two separate tests, the safety test and the value for money test. The value for money test assesses whether bidders offer superior value for money when compared to an alternative, publicly-funded infrastructure operation. To inform the judgement about value for money, London Underground has done extensive financial analysis and has prepared estimates of the cost of publicly funding the infrastructure under alternative financing scenarios. These cost estimates are called Public Sector Comparators. This report considers the extent to which these financial analyses resolve the value for money test. It focuses on London Underground's methodology for the financial analysis of bids and the Comparators. The Report considers that London Underground financial analysis has been thorough and provides useful but incomplete insights about the value for money of alternative approaches to managing and funding the Underground's infrastructure. The financial analysis does not, and could not, cover all the important factors needed to assess value for money. It is essential that the decision-makers understand what lies behind the figures before deciding which option to take forward. The safety test is being considered by London Transport and the Health and Safety Executive and is not part of this report.
Book Synopsis Public-private Partnerships Policy and Practice by : H. K. Yong
Download or read book Public-private Partnerships Policy and Practice written by H. K. Yong and published by Commonwealth Secretariat. This book was released on 2010 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public-Private Partnerships Policy and Practice is a comprehensive reference guide on PPP theory and practice for senior policy-makers and other public sector officials in developing countries. The guide focuses on the key lessons learned - and emerging best practice - from successful and failed PPP transactions over the past thirty years. The guide avoids jargon and explains relevant concepts in non-specialist language. Key points are summarised at the beginning of each section and provide an overall high-level outline. References are provided throughout and at the end of each section to allow the reader to access further information on specific issues.
Book Synopsis Spatial Planning and the New Localism by : Graham Haughton
Download or read book Spatial Planning and the New Localism written by Graham Haughton and published by Routledge. This book was released on 2018-05-11 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the transition from New Labour’s ‘Spatial Planning’ approach to the Coalition Government’s preferred ‘Localism’ approach. Localism we are told will liberate local planners from the heavy hand of central government and allow planning to flourish at the local level. Alternatively, austerity cuts nationally mean planning faces cuts. In just two years the machinery of regional planning has been dismantled and local authorities are being asked to do more with less. Innovation is also evident, however, notably with the introduction of neighbourhood planning and Local Enterprise Partnerships. This collection contain chapters looking at the planning system overall, sustainability and planning, new approaches to infrastructure planning, and the critical interface between urban policy, local economic development and planning. This book was published as a special issue of Planning Practice and Research. It also contains a brand new afterword, written by the editors: ‘Localism, austerity and planning.’
Book Synopsis London Underground PPP by : Great Britain. National Audit Office
Download or read book London Underground PPP written by Great Britain. National Audit Office and published by . This book was released on 2004 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: In February 2002 approval was given for the infrastructure of the London Underground to be transferred to three Public Private Partnerships (PPP). This report examines whether these PPP deals are likely to give good value for money. It concludes that: the deals are very complex because of output-based contracts when there was limited knowledge of some of the least accessible parts of the infrastructure there is only limited assurance that the price paid to the private sector will be reasonable the process of negotiating the deals was costly ( pound]455 million or 1.5% of the 30 year deal value) the deals offer improved prospects, compared to the pre 1997 investment regime but there is no certainty that the infrastructure upgrade will be delivered.
Book Synopsis London Underground Public Private Partnership by : National Union of Rail, Maritime and Transport Workers
Download or read book London Underground Public Private Partnership written by National Union of Rail, Maritime and Transport Workers and published by . This book was released on 2000 with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Public Private Partnership for the London Underground, 1 by : Andrew Walsh
Download or read book Public Private Partnership for the London Underground, 1 written by Andrew Walsh and published by . This book was released on 1997 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
