Nexus "not being privatised".

One of the bidders for the Tyne & Wear Metro may be about to drop out according to NEBusiness:

Last night The Journal was informed of rumours one bidder was preparing to pull out of the bidding process, a claim Nexus said it could not comment on.

There are currently four bidders for the Tyne & Wear metro concession: Deutsche-Bahn, Serco-Ned Rail, MTR Corporation and an in-house Nexus team.

Tyne Bridge MP David Clelland, who as a member of the transport select committee should know better, claimed that Nexus "...is not being privatised".

Which means that he is either deluded or that the smart money is on the in-house team.