1 In December 2000, the National Audit Office reported on the extent to which London Underground's initial financial analysis resolved the value for money test against which the Department for Transport sought to assess the Tube Public Private Partnerships. This report, together with a second report we published today, takes our evaluation of the PPPs through to May 2004, as follows:
■ Were they good deals? - Covers the period from 1998 to contract close in December 2002 (for Tube Lines) and April 2003 (for Metronet)
■ Are the PPPs likely to work successfully? - Covers the period from first contract close in December 2002 to May 2004.