Select Committee on Transport, Local Government and the Regions Minutes of Evidence

Supplementary note by PricewaterhouseCoopers


  During the Committee's hearing on 27 February Mr George Stephenson asked if I could confirm that PricewaterhouseCoopers audited Bechtel Inc., W.S. Atkins Plc, RWE (the parent company of Thames Water) and Halcrow Group. I said I was aware that the firm audited three of these four companies but was not sure about the fourth. Mr Stephenson asked if I could write to the Committee.

  I can now confirm that PricewaterhouseCoopers audits Bechtel Inc., W.S. Atkins Plc and RWE. I can also confirm that PricewaterhouseCoopers does not audit Halcrow Group (although it did so until the year ending 31 December 1999).

  In case it is helpful to the Committee, I set out below our understanding of the current auditors for each of the shareholders of each of the four consortia who were pre-qualified to bid on the London Underground PPP.

MetronetAdtranz Ernst & Young
  Seeboard Deloitte & Touche
  Thames Water PwC
  WS Atkins PwC
TubelinesAmeyGrant Thornton
  JarvisErnst & Young
  Bechtel PwC
TuberailAlstomDeloitte & Touche
  Halliburton Brown & Root Andersen
  Carillion KPMG
  Bombardier Ernst & Young
  FluorErnst & Young
  Alcatel Deloitte & Touche

  There are provisions in PwC's contract with London Transport to prevent any conflicts of interest. If the Committee would like information on these provisions, or any other details, please do inform me.

Tony Poulter

28 February 2002

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