| TfL to run Metronet |
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| Friday, 23 May 2008 | |
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London underground maintenance firm Metronet will be taken over by Transport for London (TfL) next Tuesday, it has been decided in the High Court. The firm went into administration in July last year after an estimated £2bn overspend. Metronet was responsible for maintaining two-thirds of the London Underground (LU) system. TfL said removing Metronet from administration was "extremely good news for London's Tube passengers". The news has also been welcomed by the London Underground unions. |