When one looks back down the years at Ken’s Mayoralty, his struggles with the Labour Party at the time of trying to get elected as London Mayor,  his fight with Gordon Brown over PPP and Ken’s attempts to keep tube funding public, his hiring of Bob Kiley (at some expense) from New York, to advise on how to go about running the tube efficiently, it is with a feeling of something bordering on despair to say “I told you so”.

From the London Evening Standard

TfL takes over Tube Lines to end Underground privatisation

Ken’s battle to save the tube from the hands of private contractors, and more importantly to ensure that all the funding went to the infrastructure and not divided into the pockets of directors and shareholders, rumbled on for years intertwined with his own struggles with the Labour party and his standing eventually as an independent for Mayor.

This from Londonist

http://londonist.com/2010/05/boris_buys_tube_lines.php

Today he must feel vindicated but (saddened at the waste), that his prophetic point of view has been so thoroughly proved.  What a waste of money in lawyers fees and contractors fees Londoners have paid for this mess.

Today the Guardian prints the news as follows:-

Transport for London (TfL) announced late on Friday evening the end of the controversial Public Private Partnership (PPP) on London Underground, saying it entered into an agreement to buy the shares of Bechtel and Amey (Ferrovial) from the Tube Lines consortium for £310 million.

http://www.guardian.co.uk/uk/feedarticle/9069859

On Monday May 17th Progressive London, a political vehicle designed to return Ken to Mayor of London, meets at the TUC Congress where no doubt this will be discussed.

Building Magazine had this to say

http://www.building.co.uk/story.asp?storycode=3163410

Perhaps now having bought the contractors out the money can at last go entirely to where it is needed and not into private hands.   A monopoly like the tube was never fit for competition and PPP under Gordon Brown must surely be one of the final nails in his coffin.

UPDATE: At long last, far too long, Dave Hill has bothered to comment on the event:-

http://www.guardian.co.uk/uk/davehillblog/2010/may/18/london-london

Quite what kept him I shall never know but at least it’s happened and Boris is proud – and rightly so.

And last but by no means least Colin Buchanan:-

http://colinbuchanan.wordpress.com/2010/05/14/the-failure-of-london-underground-ppp/

Yes STILL they appear, this time BDOnline extolling the virtues of the end of PPP and the East London line:-

http://www.bdonline.co.uk/5000779.article

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