Tube dealing

Brown & Root and Amec have submitted a plan to the Government for a partnership to provide infrastructure services for London Underground. The proposed joint venture would upgrade, maintain and possibly extend Tube lines under a 25-year concession agreement, which would enable them to raise third-party finance. LU is estimated to need to spend £1bn […]

Brown & Root and Amec have submitted a plan to the Government for a partnership to provide infrastructure services for London Underground. The proposed joint venture would upgrade, maintain and possibly extend Tube lines under a 25-year concession agreement, which would enable them to raise third-party finance. LU is estimated to need to spend £1bn on its network.