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Stuart · 22-07-2009, 19:02

It's the way the government deals with Private companies. The odds are stacked in favour of the private company.

Look at the failure of Metronet.. Admittedly they spent a lot of money fixing up the tube, but when they folded, TFL paid off the debt. The companies that owned it (and were happy to take the profit when they could) didn't pay a bean.

22-07-2009, 19:02	#2
Stuart - Join Date: Jun 2003 Location: Somewhere Services: Virgin for TV and Internet, BT for phone Posts: 26,546	Re: Failed grant firm was given £4m It's the way the government deals with Private companies. The odds are stacked in favour of the private company. Look at the failure of Metronet.. Admittedly they spent a lot of money fixing up the tube, but when they folded, TFL paid off the debt. The companies that owned it (and were happy to take the profit when they could) didn't pay a bean.