Part  3 Management of the procurement

This part of the report examines the extended procurement process and finds that that the costs were on a scale that was consistent with the overall size and complexity of the deals but contained some elements that are of doubtful benefit.

3.1  In total London Underground spent £180 million on procuring the PPP and reorganising its business, equating to £170 million in 1999 values. Of this sum £109 million was spent on advisers and external resources (Figures 12 and 13a).

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