http://www.bechtel.com/Briefs/1104/Underground.htm Ticket to Success
A public-private partnership is leading a
major project to modernize much of
London's venerable subway system.
By John Altdorfer
Photographs by Zute Lightfoot
Project Slide Show
LOCATION
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London
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CUSTOMER
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London Underground
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DESCRIPTION
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Designing and building infrastructure of three
Underground rail lines,
including trains, signaling,
tracks, bridges, drainage, escalators, and elevators
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SCOPE
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Planning and development,
engineering, procurement,
construction, and maintenance
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VALUE
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$7.5 billion
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SCHEDULE
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30-year contract running through 2033 with reviews every 7½ years
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Understanding the PPP
A public-private partnership (PPP) brings together corporations and government organizations to undertake projects neither sector could pull off alone.
The London Underground is the world’s oldest subway, and its age showed. After years of underinvestment leading to a “fix and mend” maintenance approach, the tangle of tunnels and rails beneath the city needed a massive financial infusion and a commitment to a systemwide overhaul. The solution: a unique public-private partnership between the Underground and Tube Lines, a consortium created for the project.
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Isn't Bechtel one of the top no-bid contractors in Iraq? :mad: