PppArbiter.org.uk
Title
Home Page - Introduction to the PPP Arbiter
Description
THE PPP AGREEMENTS
London Underground Limited (LUL) entered into three separate Public Private Partnership (PPP) Agreements, with Tube Lines in December 2002 and with Metronet (two separate agreements) in April 2003. Under these PPP Agreements, three private sector companies (Infracos) maintain, renew and upgrade discrete parts of LUL's infrastructure under separate 30 year Agreements. LUL remains responsible, in the public sector, for delivering services to customers. read more.....
OFFICE OF THE PPP ARBITER (OPPPA)
The questions likely to be asked of the Arbiter are wide ranging and will require a detailed understanding of the Agreements, the commercial issues surrounding the contracts, the economic and efficient price for delivering the PPP services and the constraints and risk appetite of the financial markets. The Arbiter has, therefore, established a small permanent Office and makes use of specialist external advisers. read more.....
THE ROLE OF THE PPP ARBITER
The role of PPP Arbiter was established by the Greater London Authority Act 1999 (GLA Act). The Secretary of State appointed Chris Bolt as the first Arbiter, for a four year term from 31 December 2002, the date of commencement of the Tube Lines contract. Under the terms of the GLA Act, the Arbiter is independant of Government and of the PPP Parties and can only be dismissed on grounds of incapacity or misbehaviour, or for unreasonable delay in the discharge of his functions. read more.....
