Tube Lines Limited , originally known as 'Infraco JNP' (an incorporation of Infrastructure Companies), is an asset management company responsible for maintenance, renewal and upgrading of infrastructure, including railroad, railroad, signal, civil works and stations, from three London Underground lines. The company has been a wholly owned subsidiary of Transport for London (TfL) since May 2010 and has now been renamed "London Underground". However, the Tube Lines logo remains widely visible on staff uniforms and vehicle fittings. Tube Lines Headquarters is at 15 Westferry Circus, London.
Tube Lines was established under the Public-Private Partnership (PPP) scheme in 2003 to provide maintenance services to London Underground, along with another company, Metronet. Metronet entered administration in 2008 and purchased by TfL. Tube Lines was also purchased by TfL in 2010 after a shortage of funds.
Video Tube Lines
History
The company was founded by a consortium of Amey plc (a subsidiary of Grupo Ferrovial), Bechtel and Jarvis plc. In 2005, Jarvis sold his shares to Amey shareholders for £ 147 million.
From January 2003 to May 2011, the London Underground operates a Public-Private Partnership (PPP), in which infrastructure assets are managed by private companies but are owned and operated by the London Underground (LU), part of TfL. Tube Lines has a 30-year contract for the Jubilee, Northern and Piccadilly lines, and remains responsible for more than 200 miles of trails, 255 trains, 100 stations, and over 2,500 bridges, elevators and escalators.
The remaining line of the London Underground is part of the Metronet, which existed from 2003 to 2008, when it was taken over by Transport for London after being placed into administration.
The Tube line is underfunded for its increase and has asked TfL to provide an additional Ã,  £ 1.75 billion to cover the shortfall; TfL refused, and referred the matter to the PPP referee, stating that  £ 400 million should be provided. There has been much discussion about the company's future in the second review period, and it was announced on May 7, 2010 that Transportation for London has agreed to buy Bechtel and Amey (Ferrovial) shares from Tube Line for £ 310 million. Combined with the takeover of Metronet, this means that all maintenance is now managed in-house, although TfL uses a large number of private suppliers and contractors.
Amey continues to provide TfL with management and maintenance services for Jubilee, Northern and Piccadilly and continue to do so until the end of 2017 where London Underground Limited takes over from Amey.
Maps Tube Lines
References
External links
- Official website
Source of the article : Wikipedia
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