Metronet Handover To TFL

London's transport bosses are expected to take over the Tube maintenance work of in-administration company Metronet "within weeks", it has been announced.Metronet, responsible for maintaining two thirds of the Underground, went into administration in July last year.

It has been announced that London Mayor Ken Livingstone has approved schemes that will transfer Metronet's business to Transport for London (TfL).

London Underground managing director Tim O'Toole said: "We have now begun the final process of removing Metronet from Administration, which is a major achievement and extremely good news for London's Tube passengers. We anticipate that the Metronet business will transfer to Transport for London during the next few weeks.

"Following Administration, we will seek to put in place a stable, economic and efficient structure that is better able to deliver Transport for London's investment priorities leading to increased capacity on the Tube in future, along with station security and communications improvements. The transfer to TfL control will enable us to further restructure and properly plan for the future."

The two Metronet Rail companies - BCV and SSL- entered PPP Administration on 18 July 2007. London Underground is working with the Administrators, Ernst & Young, to ensure all necessary maintenance and renewal works continue.

Metronet Rail BCV is responsible for the maintenance and renewal of the Bakerloo, Central, Victoria and Waterloo & City lines while Metronet Rail SSL is responsible for the maintenance and renewal of the sub-surface lines: the Circle, District, Hammersmith & City and Metropolitan.