Issued on behalf of the PTA Wednesday 21 March 2001
PTA Meeting, Thursday, 25th January 2001
Nexus set to reach zero operating subsidy by the end of March 2001.
Nexus set to reach zero operating subsidy by the end of March 2001.
Director General Mike Parker told Members that Metro would be moving into a more than break-even position on its operating deficit by the end of this financial year. The target for achieving this was set in 1996/97. He commended the part played by Rob Smith, Director of Metro Operations, who had dealt ably with many difficult situations on the system since taking up his post.
Date 21 March 2001 For more information contact Iris Boyd telephone (0191) 211 5071 Communications Unit, Strategic Support, Civic Centre, Newcastle upon Tyne NE99 2BN Tel: 0191 232 8520 (including out of hours) Fax: 0191 261 6191