industry railways fate equity acquired by transport for london 1 founded december 31 2002 2002 12 31 headquarters 15 westferry circus london united kingdom key people brian sedar bechtel and lee jones ferrovial number of employees 3500 initially website www.tubelines.com tube lines limited initially known as infraco jnp an amalgamation of infrastructure company is an asset management company responsible for the maintenance renewal and upgrade of the infrastructure including track trains signals civil work and stations of three london underground lines . the company has been a wholly owned subsidiary of transport for london tfl since may 2010 and has now been rebranded as london underground . however the tube lines logo remain widely visible on staff uniforms and vehicle liveries . 2 tube lines headquarters are at 15 westferry circus london . tube lines was established under a public private partnership ppp scheme in 2003 to provide maintenance services to the london underground together with another company metronet . metronet entered administration in 2008 and was bought by tfl . tube lines was also bought by tfl in 2010 following a funding shortfall . history edit the company was founded by a consortium of amey plc a subsidiary of grupo ferrovial bechtel and jarvis plc. in 2005 jarvis sold its stake to fellow shareholder amey for 147 million . 3 from january 2003 until may 2011 the london underground operated a public private partnership ppp whereby the infrastructure assets were maintained by private companies but it was owned and operated by london underground lu part of tfl . tube lines had a 30 year contract for the jubilee northern and piccadilly lines and remains responsible for over 200 miles of track 255 trains 100 stations and over 2 500 bridges lifts and escalators . the remaining lines of the london underground were part of metronet which existed from 2003 to 2008 when it was taken over by transport for london after being placed into administration . 4 tube lines encountered a funding shortfall for its upgrades and requested that tfl provide an additional 1.75 billion to cover the shortfall ; tfl refused and referred the matter to the ppp arbiter who stated that 400million should be provided . 5 there had been many discussions over the future of the company in the second review period and it was announced on 7 may 2010 that transport for london had agreed to buy the shares of bechtel and amey ferrovial from tube lines for 310m . 1 combined with the takeover of metronet this means that all maintenance is now managed in house despite tfl using a large number of private suppliers and contractors . 1 amey continue to provide tfl with management and maintenance services for the jubilee northern and picadilly lines and will continue to do so until next year whereby london underground limited will takeover from amey s work . 2 references edit a b c tube maintenance back in house as new deal is signed . bbc news . 8 may 2010 . retrieved 10 may 2010 . a b waboso david december 2010 . transforming the tube . modern railways . london . p. 42 . aquisition sic of jarvis s interest in tube lines complete press release . amey . 31 january 2005 . metronet s takeover is complete . bbc news . 27 may 2008 . retrieved 10 may 2010 . mayor wants government tube money . bbc news . 7 december 2009 . retrieved 10 may 2010 . external links edit official website retrieved from https en.wikipedia.org w index.php title tube lines & oldid 742879068 categories london underground infrastructurepublic private partnership projects in the united kingdomhidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran aisportugu s edit links this page was last modified on 6 october 2016 at 11 05 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view