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BAA to relax its stance on Stansted

The UK airports group is hopeful of winning some flexibility over the timing of the sale of Stansted from the competition watchdog

Transport ministry criticised over tube contractor's failure

The Department for Transport (DfT) has been criticised for not doing more to prevent the financial crisis at Metronet, the failed London Underground (LU) contractor, according to a draft report into the £30bn public-private partnership to upgrade the capital's tube network. The final report from the National Audit Office is expected to be published this spring.

Monday, 23 February 2009

BBC News

Financial Times

  • Møller-Maersk arm eyes stake in UK portAPM Terminals is considering working with Bristol Port Company to develop a new container terminal in south-west England to handle world's largest container ships
  • Carmakers seek Canada aid General Motors and Chrysler have told authorities in Canada that they need as much as C$10bn (US$8bn) in aid to stay afloat, more than double their estimate three months ago
  • BAA to relax its stance on StanstedThe UK airports group is hopeful of winning some flexibility over the timing of the sale of Stansted from the competition watchdog

The Guardian

  • Transport ministry criticised over tube contractor's failureThe Department for Transport (DfT) has been criticised for not doing more to prevent the financial crisis at Metronet, the failed London Underground (LU) contractor, according to a draft report into the £30bn public-private partnership to upgrade the capital's tube network. The final report from the National Audit Office is expected to be published this spring.
  • Crosby to board National ExpressSir James Crosby, the former HBOS chief executive, has emerged as a candidate to become chairman of National Express, the indebted public transport group.National Express is expected to pick the new chairman from a shortlist of four, which is believed to include Crosby. The former head of HBOS was forced to step down as deputy chairman of the Financial Services Authority this month amid allegations that he ignored warnings of excessive risk-taking at the bank, which recently announced that it had incurred almost £11bn of losses. National Express, which has declined to comment, is see...
  • Squabbling 'derails carbon efforts'Britain's efforts to cut carbon emissions have been hampered by government infighting and a reluctance to stand up to industry, according to the UK's former climate change minister.Elliot Morley, head of the new energy and climate change select committee, said tensions between different government departments had undermined moves to cut greenhouse gas pollution. Policies to cut carbon and help the environment were dismissed inside Whitehall as

The Herald

  • Glasgow needs transport gains like capital’sYou affirm correctly the scale and significance of the Edinburgh tram project, with huge transport gains for the city's citizens and visitors, which drives an imperative for private contractors and public financiers to enter a coherent dialogue, rather than a sterile stand-off - waiting to see who blinks first ("Damaging derailment", Editorial, February 21).
  • UK’s big five in danger of going off railsAnalysis: The boom times for Britain's big five rail companies have shuddered to a halt as the industry struggles with falling passenger numbers and lower ticket revenues amid the worst economic slump since the 1930s.

The Scotsman

  • Van factory 'facing closure threat'A van factory which employs or supports thousands of jobs is believed to be the plant identified by union leaders as in imminent danger of closing without Government support.
  • Car workers meet over jobs threatWorkers at two car component factories facing closure are meeting to draw up counter plans aimed at saving jobs.

Times Online

  • Full steam ahead to prop up train firmsMINISTERS are preparing plans for a backdoor bailout of train firms by subsidising fares for job seekers and freezing ticket prices that might otherwise have fallen this year.
  • Isles of Scilly's phantom bus service gets Whitehall handout A £51,000 government grant to fund free bus travel for the over-60s has been greeted with delight in the Isles of Scilly. After all, almost a third of the people who live on the five islands west of Land's End qualify for a bus pass.

Transport Briefing

Birmingham Post

Liverpool Echo

Manchester Evening News

  • Buses losing out to trains and tramsBUS mileage in Greater Manchester has fallen to its lowest in almost a quarter of a century, with fewer services as commuters flock to the trams and trains.
  • It's a strain on the trainTHE biggest shake-up of Greater Manchester's railway timetable in two decades became a catalogue of failure, transport bosses have been told.

Wall Street Journal

  • Bankruptcy Funding Solicited for Car MakersThe Treasury's advisers have started lining up the largest bankruptcy loan ever, at least $40 billion in financing for GM and Chrysler, in case the two auto makers need it.

Washington Post

  • Truck traffic revives interest in marine shipping NORFOLK, Va. -- An idea that dates to Lewis and Clark's trek west is experiencing a rebirth thanks to the truck traffic that increasingly chokes highways: shift more of the nation's freight burden to boats that can traverse rivers, lakes, canals and coastal waters.

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