Results tagged “Tube Lines”
Tube Lines is set to receive £4.46billion for its next tranche of work on the Underground network under its controversial Public Private Partnership contract.
The consortium, based in Westferry Circus, learned the figure today when PPP arbiter Chris Bolt announced his decision.
The over-run of the Jubilee line upgrade is likely to cost Tube Lines around £50million.
That's how much the Canary Wharf-based engineering consortium will lose for its failure to complete the installation of new signalling on the line by the end of last year, according to chief executive Dean Finch.
Tube Lines has suffered a financial blow after the rail maintenance company lost its legal case against London Underground.
The consortium, responsible for upgrading the Jubilee, Northern and Piccadilly lines was claiming £327million in costs for delays to work on two lines being finished.
It's good news for Jubilee line users this weekend after it was announced it will be partly open.
The line was due to be completely shut for engineering works but will now be open between North Greenwich and Waterloo on Saturday and Stratford and Waterloo on Sunday.
Tube Lines has been left with another headache as it faces a shortfall of almost £2billion in its budget for the next stage of its underground contract.
The company, which yesterday saw chief executive Dean Finch announce his departure, has been recommended to receive £4.394billion for the next tranche of work on the network.

Tube Lines chief executive Dean Finch has departed for National Express - less than eight months after he was appointed.
Mr Finch will reportedly remain with Tube Lines until his replacement is found, before taking up the role of chief executive at the rail and bus company.
Jubilee line users face months of weekend closures in the new year and no service at all over Easter as upgrade work continues.
From January 9 sections of the line will be shut for all but three weekends up to and including Easter, when the entire line will close between April 2-5.
Boris Johnson's key transport aide has slammed Tube Lines over the delayed finish to upgrade work on the Jubilee line.
Kulveer Ranger, who advises the Mayor of London on all transport issues, admitted he was "disappointed" by Tube Lines' failure to meet their December 31 deadline.
By John Biggs

For about a year I have been raising concerns about weekend rail closures in East London with the Mayor, and anyone else I can get hold of. So I'm glad that the issue of the seriousness of ongoing problems of the Jubilee line works has now got much wider attention. The weekend closures effectively cut off east London, particularly when they coincide with works on the DLR or District line.

Upgrades to the Jubilee line are still being stalled by a row over extra line closures.
Negotiations between Tube Lines and Transport for London are not moving forward, nearly three months after London Mayor Boris Johnson slammed the "unacceptable" progress of work.

London mayor Boris Johnson has rounded on Tube Lines over its "unacceptable" progress in improving the Jubilee line.
In a report published today, Transport for London has also expressed "grave doubts" over the firm's ability to deliver the line's upgrade by the end of the year as agreed.
For many people holiday snaps are briefly glanced at then thrust into a drawer and never looked at again.
But one Wharfer has taken the step of collating his photographs, along with his experiences, of over 20 years of globetrotting into a book.
"Somebody described it as like doing open heart surgery while doing the Marathon. It's a huge challenge."
Next time you are stuck on the Jubilee line remember these words of Terry Morgan, chief executive of Tube Lines.

Apologies have been offered to commuters on the Jubilee line who were severly delayed on Tuesday evening due to faulty signalling equipment.
The line was part suspended from about 5pm due to a broken relay, which is an expensive part of the signalling system.
The proposed strike on three London Underground lines has been suspended after union members were offered an improved pay deal.
The RMT have agreed a deal "in principle" with maintenance consortium Tube Lines which will suspend the 72-hour stoppage scheduled to start at noon tomorrow.
The strike would have affected the Jubilee, Piccadilly and Northern lines.
STRIKE action on the tube looks a certainty after pay negotiations between the RMT and Tube Lines broke down.
A 72-hour walk-out by union members is scheduled to start at noon next Wednesday, August 20, affecting the Jubilee, Piccadilly and Northern Lines.
IT’S no wonder a co-worker nominated Richard James to be a Face of the Week – his smile “lights up� her day.
The self-confessed sun worshipper works for Tube Lines, and is hoping 2008 is a sunny one after our poor excuse for a summer last year.
Richard works in the Westferry Circus company’s projects department, but hopes to one day open his own restaurant.














