London Underground contractor bids for extra payment

A private consortium in charge of upgrading London Underground stations and tracks today launched a formal bid to recover an estimated £1bn (€1.48bn) it believes it is owed for extra work carried out under its deal.

Metronet, which is working for London Underground (LU) under a 30-year public-private partnership deal, has called on the contract's arbiter to carry out an extraordinary review of the work on the Bakerloo, Central and Victoria lines.