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TfL overspend

Official figures have revealed that The Jubilee Line upgrade which was delivered through the public-private partnership blew its budget by £436m, with a final cost of £721m.

The original contract cost for the upgrade which was signed at the end of 2002 was for only £285.3m.

Transport for London said it demonstrates "why it was essential for TfL to acquire Tube Lines and bring upgrade work under the direct control of London Underground, effectively ending the PPP".

Author: Darren Revell

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