Court date set for Metronet's transfer hearing

08.05.08 - 15:13 ... source : Transport for London

... 08 May 2008 Exit from Administration expected within weeks. We need to continue to work together for passengers London Underground Managing Director, Tim O'Toole Metronet's exit from Administration and transfer to Transport for London (TfL) progressed further today, as the PPP Administrators from Ernst & Young confirmed that a court hearing will take place on 23 May to set a date for the transfer of the people, assets and contracts of Metronet to TfL control. London Underground Managing Director, Tim O'Toole, said: 'We have now begun the final process of removing Metronet from Administration, which is a major achievement and extremely good news for London's Tube passengers. 'We anticipate that the Metronet business will transfer to Transport for London during the next few weeks. 'In dealing with the collapse of Met ...» Next (HTML)