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Tube sell-off to cost taxpayer more

The Department of Transport has admitted that it will have to spend more money than initially thought supporting the PPP plans for the tube.

The department admitted that the original estimate of £1 billion-a-year would have to be revised upwards.

The revelation has sparked a fresh round of criticism of the controversial part-privatisation.

Published: Mon, 1 Jul 2002 01:00:00 GMT+01

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FT - page 3