Metronet [SEP] dissolved or abolished
Transport for London. In June 2009 the National Audit Office estimated that the failure of the Metronet PPP contract cost the taxpayer up to £410m, adding that "most of the blame for Metronet's collapse lay with the consortium itself." The administration complete, the joint administrators petitioned the High Court of Justice for the winding-up of the company on 3 November 2009, the petition to be heard on 10 December 2009.
Ownership.
Before Metronet Rail entered administration, it had five shareholders: Atkins,
proclaimed on 4 Sep 1871, under the Cross and Bye Roads Act 1870 (33 Vict No.8.) and abolished on 26 Sep 1881.
The Browns River Road District was proclaimed on 26 Sep 1881, under the Cross and Bye Roads Act 1870 (33 Vict No.8.) and was abolished on 16 Nov 1885.
The Sandy Bay Road District was proclaimed on 16 Nov 1885, under the Roads Act 1870 (48 Vict No.28.).
The Browns River Road District proclaimed on 23 Jul 1897, and