Media reports suggest that Transport for London is in advanced negotiations to acquire Tube Lines, the London Underground infraco.
The move would return the maintenance and upgrade of London's Tube system back into public control and follows the demise of the other infraco, Metronet, in 2008.
The Times reported today that Amey and Bechtel, the shareholders of Tube Lines, who rebuffed a previous offer to buy them out last autumn, will be compensated for their stakes, receiving as much as...
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