London Mayor Boris Johnson threatens legal action against Tube regulator

By Alistair Osborne, Business Editor 700AM GMT eleven March 2010

Fighting speak Boris Johnson is melancholy authorised movement opposite the regularot of the blood vessel Photo TELEGRAPH

The total is �460m some-more than Mr Johnson believes London Underground should compensate for the functions on the Jubilee, Northern and Piccadilly lines. He right away faces the preference of slicing the range of projects or plugging the appropriation gap.

A mad Mr Johnson, who is obliged for London Underground and the primogenitor Transport for London (TfL), indicted Mr Bolt the judge for the open in isolation partnership (PPP) of going "beyond his powers". "We are examining all the options, together with authorised remedies," he said.

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Mr Bolt"s statute provides Tube Lines with �65m some-more than his breeze integrity in Dec but is well next the �5.75bn the association sought itself revised down from �6.8bn.

Mr Johnson called Tube Lines" strange direct "an try at illumination robbery" and dull on Mr Bolt for permitting the costs to embody fees for seconding staff from the shareholders, Ferrovial and Bechtel. "We are being asked to write a vacant coupon to column up an bum Tube Lines, and to pledge large payments of �400m to the shareholders. In alternative countries this would be called looting, here it is called PPP," he said.

Mr Bolt pronounced he had usually authorised �200m of secondment fees in Tube Lines" costs, adding "I do not recognize TfL"s numbers". He concurred the PPP contracts were open to opposite interpretations but pronounced he had resolved that London Underground should have up any appropriation shortfall as it could lift financial some-more low than Tube Lines.

"The authorised evidence is not the key issue. The key issue is either London Underground can means �4.46bn," pronounced Mr Bolt, stressing that any cost-overruns on top of that total would tumble to Tube Lines.

Richard Parry, London Underground"s handling director, pronounced the organization had hired KPMG to examine Tube Line"s finances. "We have to be confident that Tube Lines has a viable plan to broach the stipulate for �4.46bn," he said.

Andrew Cleaves, Tube Lines" behaving arch executive, pronounced Mr Bolt"s statute was "a big plea for us but I have each certainty we will see this through".