On Fri, 14 Jul 2006 10:35:06 GMT, "www.waspies.net"
wrote:

Paul Corfield wrote:
On Thu, 13 Jul 2006 08:36:46 GMT, "www.waspies.net"
wrote:

Paul Corfield wrote:
On Wed, 12 Jul 2006 20:40:44 GMT, "www.waspies.net"
wrote:

I'd be surprised if a £1million fine PER DAY were "now't to that lot"!
That's the sort of contract that should have been established.
Moreover, th majority of the £1 million ought to be distributed to the
PASSENGERS who suffer as a result of the breaches of contract and not
just go back into T.F.L. coffers.
I think I'm right in saying that any fines go straight back to the
treasury, proprietor one G Brown!
And I would say you are entirely wrong.
Are you sure Paul!

Yep but I'm happy to hear your version as to how the money gets carted
down the road from 55 Broadway to Whitehall.

As I understand it ALL government fines are handed over to the treasury,
unless otherwise designated, presumably what you're saying (or not) is
that this is one of the designated cases where the poor performance
fines are handed over to another authority namely TFL

Firstly it is not a fine. Secondly the contract is not with the
government - it is between LU (a trading subsidiary of TfL) and each
Infraco. Thirdly the contract does not stipulate a fine; it has a
performance regime which records performance and then either provides
bonuses or abatements depending on whether performance is good or bad.
Any reductions from the service charge are simply part of the normal
cash management process and reflect cash that stays within LU for other
expenditure be it bonuses to another Infraco or payment for other works
to whichever company might be doing that work / providing that service.
This money could be used for anything - not just PPP stuff.
--
Paul C


Admits to working for London Underground!