Metronet, the private sector consortium chosen to renovate seven of London's 10 underground lines, is confident of launching its £1.2bn (€2bn) bond on schedule, even though institutional investors have threatened to shun the Tube project in the wake of the Railtrack fiasco.
A spokesperson for Metronet said on Friday: "Preparations for the bond are on track and we expect to begin meeting investors during the roadshow, which should happen in June."
