16th Nov 2006 07:05
Balfour Beatty PLC16 November 2006 16 November 2006 ARBITER'S GUIDANCE ON METRONET'S TUBE PPP CONTRACTS =================================================== Balfour Beatty, the international engineering, construction and services grouphas a 20% interest in Metronet Rail, the organisation responsible for therenewal of nine of London's twelve tube lines. As part of agreed contractual arrangements, the office of the Public PrivatePartnership Arbiter published its guidance today in respect of Metronet'sperformance over the first three years of its concession. The Arbiter's reporthighlights some areas in which Metronet's organisation and performance requireimprovement in order to be "Economic and Efficient" under the contract. Metronet and its owners have been addressing these issues for some time and arewell advanced in introducing new organisational and process arrangements toimprove its performance in line with the Arbiter's criteria. Metronet's response to the Arbiter's guidance can be found onwww.metronetrail.com ENDS Enquiries to:Tim SharpTel: 020 7216 6884www.balfourbeatty.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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