Down the tube

Article Abstract:

Urban public transportation is given subsidies in most countries, though the British government, which is supposed to be politically left of center, argues that the subway system in London, England, can perform effectively without a subsidy. Plans for London Underground involve a compromise, with the infrastructure to be split and leased to the private sector, and train operations to remain in the public sector. Technical and other problems have led to delays in carrying out these plans. An alternative is offered by Ken Livingstone, whose views are opposed by the leadership of the ruling Labor party. Livingstone's plans, involving funding through a bond issue, are workable.

Finance

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Doing the splits

Article Abstract:

The UK government's plans for a public-private partnership (PPP) to run London Underground have attracted much criticism and are to be reviewed again. The proposed contracts are complex, and reports have suggested that construction consortia could make returns of up to 35%.

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Stop digging

Article Abstract:

Plans for the future of London Underground and differences between central and local government policy on this issue are examined in detail.

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