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Piccadilly Line chaos if Jarvis goes bankrupt, warn Lib Dems
July 13, 2004 3:06 PM
Islington Liberal Democrats have warned that local tube travellers could face chaos if struggling underground maintenance firm Jarvis goes bankrupt.
Local residents using Piccadilly Line stations at Kings Cross, Caledonian Road, Holloway Road and Finsbury Park could be left in the lurch in the event of Jarvis, as part of the TubeLines consortium, going bankrupt and being unable to honour its contract to improve the Piccadilly Line.
Liberal Democrats on the Greater London Assembly have now written to London Mayor Ken Livingstone asking him what contingency plans are in place to protect Islington's Piccadilly Line users in the event of maintenance firm Jarvis going under.
Councillor Bridget Fox, Islington's Liberal Democrat Executive Member for Sustainability, said:
"Given that Islington's residents have waited so long for any improvements on the Piccadilly Line it beggars belief that they could now come to nothing because of the Labour government's obsession with involving the private sector in the tube.
"After the promise of million of pounds of investment, Islington's long suffering commuters could be left in the lurch if Jarvis goes bankrupt.
"Islington's Piccadilly Line users need to hear from the Mayor that any cash flow problems or contractual disputes with TubeLines will not halt maintenance work on the underground if Jarvis does go belly up."
The Facts
Jarvis is a one-third share holder in the London Underground maintenance firm TubeLines that undertakes repairs on the Piccadilly, Jubilee and Northern Lines. The share price of Jarvis has slumped from a year high of 386.50p to just 23.5p on Tuesday 6th July.
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