THE PPP AGREEMENTS

London Underground Limited (LUL) entered into three separate Public Private Partnership (PPP) Agreements, with Tube Lines in December 2002 and with Metronet (two separate agreements) in April 2003. Under these PPP Agreements, three private sector companies (Infracos) maintain, renew and upgrade discrete parts of LUL's infrastructure under separate 30 year Agreements. LUL remains responsible, in the public sector, for delivering services to customers. read more.....

OFFICE OF THE PPP ARBITER (OPPPA)

The questions likely to be asked of the Arbiter are wide ranging and will require a detailed understanding of the Agreements, the commercial issues surrounding the contracts, the economic and efficient price for delivering the PPP services and the constraints and risk appetite of the financial markets. The Arbiter has, therefore, established a small permanent Office and makes use of specialist external advisers. read more.....

THE ROLE OF THE PPP ARBITER

The role of PPP Arbiter was established by the Greater London Authority Act 1999 (GLA Act). The Secretary of State appointed Chris Bolt as the first Arbiter, for a four year term from 31 December 2002, the date of commencement of the Tube Lines contract. This term was extended on 18 May 2006 for a further four years to December 2010. Under the terms of the GLA Act, the Arbiter is independant of Government and of the PPP Parties and can only be dismissed on grounds of incapacity or misbehaviour, or for unreasonable delay in the discharge of his functions. read more.....

THE ADVISORY BOARD

As the first Arbiter, Chris Bolt attaches particular importance to the Office establishing its technical credibility and independence from both Government and the Parties to the Agreements and to its adopting appropriate best practice in its governance and procedures. To that end, the PPP Arbiter has also established a non-statutory Advisory Board. read more.....





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