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Our exposure to Carillion is limited, Brown tells TfL board

DELIVERY

02 February 2018
 

Transport for London has only limited direct exposure to the collapse of Carillion, London’s transport commissioner Mike Brown told the TfL board this week. 

“We have some exposure to Carillion but it is not significant and is being managed and there is no outstanding financial exposure, with works being paid for in arrears,” said Brown.   

TfL has two contracts with the company, which was  liquidated last month (LTT19 Jan). The main contract is for...

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