Programmes and Investment Committee
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Programmes and Investment Committee Date: 8 March 2017 Item: Investment Programme Report – Quarter 3, 2016/17 This paper will be considered in public 1 Summary 1.1 The Investment Programme Report describes the progress and performance in Quarter 3, 2016/17 of a range of projects that will deliver world-class transport services to London. 1.2 Quarter 3, 2016/17 covers the months of October to December 2016. 2 Recommendation 2.1 The Committee is asked to note the report. List of appendices to this report: Appendix 1 – Investment Programme Report Quarter 3, 2016/17. List of Background Papers: None Contact Officers: Leon Daniels, Managing Director Surface Transport Mark Wild, Managing Director London Underground Number: 020 3054 0180 Email: [email protected] / [email protected] Transport for London investment programme report Quarter 3 2016/17 Contents About Transport for London (TfL) 4 Introduction 24 Buses Part of the Greater London Authority We work hard to make journeys easier family of organisations led by Mayor through effective use of technology and 6 Business at a glance 27 Rail of London Sadiq Khan, we are the data. We provide modern ways to pay integrated transport authority through Oyster and contactless payment responsible for delivering the Mayor’s cards and provide information in a wide 8 Key achievements 30 Roads strategy and commitments on transport. range of formats to help people move around London. As a core element in the Mayor’s overall 9 2016/17 Budget 39 Other operations plan for London, our purpose is to keep Real-time travel information is provided milestone performance London moving, working and growing, directly by us and through third party and to make life in our city better. We organisations, which use the data we 42 Appendices reinvest all of our income to run and make openly and freely available to 11 Underground improve London’s transport services power apps and other services. and to make it safer, more modern and affordable for everyone. We listen to, and act upon, feedback and complaints to constantly improve our Our operational responsibilities include services and work with communities, London Underground, London Buses, representative groups, businesses and Docklands Light Railway (DLR), London many other stakeholders to shape Overground, TfL Rail, London Trams, transport provision in London. London River Services, London Dial-a- Ride, Victoria Coach Station, Santander Improving and expanding transport in Cycles and the Emirates Air Line. London is central to driving economic growth, jobs and housing throughout the On the roads, we regulate taxis and the United Kingdom. Where possible, we are private hire trade, run the Congestion using our land to provide thousands of Charging scheme, manage the city’s new, affordable homes. Our own supply 580km red route network, operate all chain creates tens of thousands of jobs of the Capital’s 6,300 traffic signals and and apprenticeships across the country. work to ensure a safe environment for all road users. We are delivering one of the world’s largest programmes of transport capital investment, which is building the Elizabeth line, modernising Tube services and stations, transforming the road network and making it safer, especially for more vulnerable road users, such as pedestrians and cyclists. Investment programme report 3 Introduction This new Investment Programme quarterly performance report describes a range of projects that will deliver world-class transport services to London. It includes projects and programmes Financial records of spend to date This report does not contain An overall red, amber, green (RAG) with an estimated final cost (EFC) of and EFC where figures are whole-life. commercially sensitive information status represents the average forecast £50m or more. Some significant smaller This represents the entire duration of and therefore some EFCs and authorities date variance against plan in line with value projects may also be included to each separate project or programme, are marked with an asterisk (see below) the following key: provide a rounded view of our whole except for annual portfolios where spend Investment Programme. to date and EFC figures represent the * On time or early: current financial year. until the main contract has been For each of these projects and awarded. On schemes where there is programmes we include a progress update, Approval for programme and project commercial confidentiality the EFC, 1-89 days late: the key achievements in the quarter, and authority is sought annually from the authority and spend to date may also a summary of data at quarter end. Programmes and Investment Committee, be withheld. unless extraordinary approvals are We also include the forecast year of needed. Where authority is significantly All financial figures are gross and may More than 90 days late: completion for projects and programmes lower than EFC in this report, authority not appear to align with costs detailed with a defined start and end. Rolling has been given for the current stage in the TfL Budget, which are net of any works that we deliver as a continual of works and further authority will be third-party funding. sequence of prioritised activities, such as sought when appropriate. Schemes without 2016/17 budget carriageway resurfacing or track renewal, 2016/17 budget milestones – the key milestones are marked: are denoted as ‘annual’. This means they milestones listed in the TfL Budget are controlled and measured within each document – are detailed in Appendix A financial year. (page 42). 4 Introduction Investment programme report 5 Business at a glance Keeping London moving, working and growing to make life in our city better How we report on our business Facts and figures* Underground Buses Total number of buses on the 9,200 TfL network 650km 580km Rail TfL-operated Rail and TfL-operated Underground routes highways Roads 900 Other Total number 6,300 of trains on the Total number of traffic TfL network signals that TfL operates Finances at a glance* Total fares* Total costs* (excluding depreciation) £0.4bn Use of (4%) borrowing and cash Other Crossrail £1.5bn Grants reserves income grants Fares £2.6bn (33%) £6.3bn £1.5bn £2.5bn £1.4bn £1.1bn £1.0bn £4.6bn (56%) (59%) (14%) Sources of funds £1.6bn (15%) £10.6bn 37% £0.8bn spent renewing £0.5bn (8%) and improving the (11%) network through one of the largest capital investment programmes 63% in Europe spent on running the Total: Total: network every day £4.6bn £10.6bn ▀ Underground ▀ Rail ▀ Buses ▀ Operating costs ▀ New capital investment *Based on full year 2015/16 ▀ Capital renewals ▀ Crossrail ▀ Net financing 6 Business at a glance Investment programme report 7 Key achievements 2016/17 Budget milestone performance All 192 new S-Stock trains have been We installed a record 600 metres of new The overall performance for all TfL 2016/17 Budget milestones, which includes those introduced – more than 50 days earlier track in a single weekend, completing not covered in this report, is summarised as follows: than the Department for Transport’s our summer campaign of work on the (DfT’s) target date of 31 December 2016. Northern line prior to the launch of The automatic train control (ATC) pre- Night Tube. We also delivered new track production train completed testing in on the Heathrow branch of the Piccadilly 14% automatic mode and eight trains are line during midweek engineering hours Late – 90 days being fitted with the ATC system. to avoid weekend closures on this or more section of the line. The new Piccadilly line signalling control system, which we developed in-house, Crossrail remains on time and is more is now operating on the eastern section than 80 per cent complete. Five Elizabeth 3% of the line. This reduces the possibility line trains are now built and the rolling Late – up of signal failure and allows us to better stock test train was delivered to the to 89 days monitor and control the line. Shenfield line in December 2016 to prepare for services to Liverpool Street We continue major construction works from May 2017. 83% on the Northern line extension. The huge On time/early reinforced crossover box at the Battersea Work continues on the Cycle Power Station site is complete and we Superhighway programme, with eight continue to assemble the two tunnel routes comprising more than 60km of boring machines. Ahead of schedule, new cycling infrastructure now open we completed two large five-metre for cyclists. diameter sprayed concrete lined tunnels, The late milestone scores of 14 per cent (90 days or more late) and three per cent which run from the Kennington shafts to In October 2016, we published the (up to 89 days late) are primarily driven by the late milestones detailed in Appendix A. the Kennington loop and will link to the procurement notice and the pre- existing Northern line. qualification questionnaire for the Silvertown Tunnel project. In the same On our major station upgrades, the new month, the Mayor announced the glass, north plaza entrance at Tottenham outcome of a review, which endorsed Court Road opened to the public before enhancements to the environment and Christmas 2016 and we also completed public transport benefits. the Bank Bloomberg Place tunnelling works and final breakthrough, and To reduce disruption in the area by reinforced concrete works from the aligning works with other closures, we station box into the Waterloo & City brought forward works to introduce a line platform. new two-way traffic system at Archway, which started on 17 December. 8 Key achievements Investment programme report 9 Underground London Underground Four Lines Modernisation S-Stock Train Roll Out Forecast completion Spend to date (£m) Spend authority (£m) Estimated final cost (£m) 2021 2,929 3,144 3,113 2016/17 budget milestone RAG: We have introduced 192 new trains on 2016.