The Government is and will remain the guardian of the national interest, and is responsible for protecting the interests of the national taxpayer. It is right for the Government to work with London Underground to ensure stable funding and a secure future for this key national asset. The Government is committed to modernise the Underground. We have no doubt that it is right to pursue the Public Private Partnership. The Tube stays in the public sector.
Private companies fix the infrastructure.
The PPP proposals combine public sector control of trains and stations with the best of private sector expertise in maintaining and upgrading the infrastructure. It will continue to deliver a single integrated service for passengers and a modern, safe, reliable Tube. The PPP promises to be better value for money than the present system, and is designed to satisfy the rigorous safety checks of the independent Health and Safety Executive. This document explains what the PPP offers Londoners. The public sector will continue to own and operate the Tube.