Transport for Investment to get London and the UK moving again Contents

3 Introduction 29 Regenerate 4 Our financial position 30 Increasing frequency on the Elizabeth line 6 Regenerating the UK economy 31 DLR extension to Thamesmead 8 Ensuring a green recovery from the pandemic 32 Delivering housing for London 11 Strengthening the UK’s place in the world 33 and Northern line separation 12 Investing in infrastructure, innovation and people

34 Unlocking the benefits 15 Maintain and stimulate 16 Renewing our core assets 18 Renewing the road network 19 Next generation of rolling stock replacement 20 signalling replacement and Holborn station upgrade 21 Higher capacity fleet

22 Adapt and accelerate 23 Sustaining London’s network 24 Bus electrification by 2030 25 Investing in zero-emission transport and energy 26 Healthy Streets and healthy people 28 Further step-free access programme Introduction We could launch the next cycle of investment in national infrastructure and aid the UK’s recovery

Before the coronavirus pandemic, the demonstrate that our investment plan can Government committed to investing help drive and shape the recovery of both £100bn in additional infrastructure London and the UK. This is based on three spending, which is needed now more than core principles: maintaining our assets ever. While there is uncertainty about the while adding capacity where possible, shape of the recovery, and what work and adapting and accelerating investment to leisure will look like in the future, we have create greener travel options, and delivering ongoing priorities that are shared across new housing and jobs where they are the UK. These include combating the needed most to regenerate the economy. climate emergency, getting people walking and cycling more, maintaining critical We are being realistic about what is infrastructure, and regenerating areas by affordable over the next decade. Very delivering new jobs and housing. large projects from the Mayor’s Transport Strategy, particularly 2 and Public transport is fundamental to Extension, are still relevant London’s economic success as a global and aligned to the Department for city. Strategic investment in our network Transport’s decarbonisation plan. However, is critical to securing the future of our given current affordability constraints, country’s infrastructure, innovation our immediate priority for these is and people. It also sends a strong safeguarding, although they are still likely signal to global markets that we are to be needed in the future to support long- not just maintaining our leadership but term growth and modal shift in London. strengthening the UK’s place in the world.

With 55 per cent of Tube investment being spent outside of London, we can Our financial position We need funding for our revised budget and discussions on long-term funding mechanisms

Our finances are still uncertain, owing to In the shorter-term, we are asking for the ongoing impact of the coronavirus £4.9bn to take us to the end of 2021/22, pandemic. As restrictions eased during which will enable us to successfully achieve late summer, we saw passenger numbers everything set out in our revised budget. reach around 30 per cent of previous Crossrail also needs additional funding levels on the Tube and 50 per cent on the to complete this crucial project as soon bus network. Our operating income is as possible, following delays suffered as highly reliant on people using our services, a result of the pandemic. This is the bare much more so than for other transport minimum we need in order to secure authorities around the world. This follows a London’s recovery. push to make us more self-sufficient from both central and local Government. Long-term funding We would also like a commitment to The funding settlement agreed with discuss long-term, sustainable funding Government earlier this year enabled us mechanisms that can secure the to maintain our statutory obligation to investment London’s people, businesses balance our budget, preserve our liquidity, and infrastructure need. The scale of our and keep our assets safe and operable. asset base means we need long-term It also enabled us to play our part in funding certainty to commit to the major London and the UK’s immediate response investment that is needed. to coronavirus, by progressing schemes focused on safety, active travel and those This document outlines our view of the that enable social distancing. long-term investment programme, with an annual funding gap of around £2bn per The Department for Transport and KPMG, annum, subject to the funding discussions and the Mayor’s independent panel, are we want to have once the immediate conducting reviews that will help inform negotiations have concluded. This is a decision-making about future funding and holistic package of investment that outlines investment in London’s transport in the our overall approach – investing in multiple medium and long-term. areas to ensure we can simultaneously maintain, adapt and regenerate our transport network.

We need long-term financial security to run our vital services Investment to get London and the UK moving again 4 Proportion of operating income that comes from fares across global cities

Around 70 per cent of our income to operate the network comes from fares. This is relatively high compared to other cities and means that our financial model was not built to withstand the impact of the pandemic. London is one of the only major cities in Europe without a Government grant to cover day-to-day operations.

London New York Singapore Hong Kong Paris Madrid

Fares Fares Fares Fares Fares Fares

Business rates Dedicated taxes Government grants International/property Employment tax Regional subsidy

Other operating income State/local subsidies Government management fees Station commercial Government grants National subsidy

Other Other Property rental Energy tax City subsidy

Other Other Other

The removal of our The Metropolitan The Land Transport The Mass Transit Railway’s Île-de-France Mobilités Consorcio Regional de operating grant has been Transportation Authority Authority plans, builds ‘Rail and Property’ model controls and coordinates Transportes de Madrid’s covered by a higher has a reasonably high and maintains Singapore’s uses Government- public transport responsibilities cover reliance on fares. Retained reliance on fares, but transport infrastructure. granted development operators in the Paris the provision of public business rates are the crucially gets more than The majority of funding rights in exchange for area. A significant transport services to second highest income a third of its income comes from Government land premium created by proportion of public the residents of the source – although as from dedicated taxation grants and various its schemes. It can then transport funding entire Madrid region and growth in rates is not sources, including management fees. reinvest the development comes from a dedicated associated municipalities. retained, this is not full property taxes within profits back into employment tax. devolution. New York. transport.

Investment to get London and the UK moving again 5 Regenerating the UK economy Our network provides mobility for all, efficient journeys and use of resources, and unlocks housing and growth

Before the pandemic, London’s public in introducing Oyster and contactless Our role as an integrated transport authority is an enabler transport network supported 30 million payment systems and in opening our data of wider Government policy journeys a day, the same as the country’s feeds to developers, which in turn has rail and bus services combined, while generated hundreds of travel apps. All of London-wide integrated progressing with an ambitious plan to make this provides what many now expect when public transport our integrated services more accessible, they travel in the Capital – a safe, reliable more efficient and more sustainable. and fully integrated transport experience. London-wide integrated infrastructure London-wide As an integrated transport authority, we As restrictions change and people are able planning and investment control of the can prioritise and operate strategically to travel more, we have an opportunity to road network across transport modes for the whole of adapt the network to make walking, cycling London, while taking accountability for and public transport the most attractive wider outcomes. options to avoid a car-led recovery. In addition to supporting healthier outcomes, Building on our achievements this will make our roads safer, less London-wide London-wide Since our inception as an integrated congested and enable us to continue to cut regulation of development of transport authority 20 years ago, we emissions towards our national targets. non-public transport environmental have synergised day-to-day operations, This will also enable us to fully realise the modes policy capital delivery and spatial planning. This investment in schemes already under way, has enabled us to drive efficiencies and including larger schemes, such as Crossrail collaboration across 32 local authorities and the signalling modernisation of the and the City of London. Circle, District, Hammersmith & City and Metropolitan lines. This is an enormous We have modernised vast areas of the challenge that we cannot achieve alone. Victorian Tube network to make services However, we are already seeing alarming more frequent and reliable, created the indications that we may be experiencing a , and improved and car-led recovery. This will be the first year expanded the DLR, trams, bus and cycle since 1993 that the share of car trips has networks. We have implemented road increased in London. user charging schemes that have enabled us to manage congestion on the road network and dramatically slash carbon dioxide emissions. We were world leading

A cohesive and safe transport network across London enables connectivity throughout a greener, healthier city

Delivering an integrated transport network in London delivers jobs and skills across the UK through our supply chain

Investment to get London and the UK moving again 6 Efficient public transport Over the course of the last 20 years, investment in public has resulted in a significant shift towards more sustainable travel, with the number of trips made by walking, cycling or public transport rising from 52 per cent in 2000 to 63 per cent just before the pandemic. This shift in travel behaviour has kept London liveable despite its rapid growth, and the continued shift towards more efficient modes of transport is essential if the city is to continue contributing to a productive UK economy.

If this shift had not taken place, and the city had grown at the same rate over the period, then London’s transport CO2 emissions would be around a million tonnes higher per year than they are.

There has been a shift towards sustainable travel in London Investment to get London and the UK moving again 7 Ensuring a green recovery from the pandemic We have a unique opportunity to support the Government’s carbon ambitions

As part of London’s response to the emergency challenges and supporting a pandemic, we have a unique opportunity to green economy. Above all, investment in shape a green recovery. We want to be able public transport and active travel can help to help the Government show the world avoid a car-led recovery, would lead to that the UK is delivering a world-leading, increased congestion and worsening health low-carbon transport system. outcomes from poor air quality and a less active population. Ahead of the UN Climate Change Conference of the Parties, where the Delivering a green recovery in the long Government will want to demonstrate the term requires a step-change in investment, UK’s international leadership, our vision for including in public transport, to give London is to create a zero-carbon global customers an alternative choice to cars. city, where a sustainable transport network supports a healthy and invigorated Capital Healthy and inclusive city with opportunity for all. This vision builds We will continue to invest in Healthy on the Mayor’s Transport Strategy, which Streets and the Streetspace for London sets the ambitious goal of 80 per cent of plan to support more walking, cycling and all trips being made on foot, by bike or use of . We will also continue to by public transport by 2041. The Mayor’s address issues of poor air quality, including Transport Strategy is still highly relevant by expanding the , and is well aligned to the new Department and intensify our activity around our Vision for Transport’s Decarbonisation plan. The Zero ambition to make our roads safer. Mayor has ambitions to accelerate this These investments will ensure London trajectory and make London a net-zero city remains an attractive city to live, work, visit by 2030. and do business in.

The risk of injury has increased during the Climate emergency pandemic, as average speeds on our roads There is an increased threat to our city have gone up. This is another reason why from the climate emergency and we will we must make every effort to avoid a work to decarbonise our transport and car-led recovery. We can achieve a green operations, playing a significant role in recovery by accelerating investment in supporting the Department for Transport’s sustainable transport options that improve goal for a zero-carbon transport network people’s health, foster an inclusive city by 2050, as well as increasing London’s that is better connected with strong adaptation and resilience to climate change. communities, and by addressing the climate

We are working to make it safer and easier to walk and cycle Investment to get London and the UK moving again 8 Green economy are compelling, with cycling contributing CO2 emissions from transport in London London already supports a vibrant green more than £5.4bn to the UK economy economy and we want to help grow this each year, along with significant savings 9,000 by providing sustainable transport options, to the NHS from a healthier, more active 60km which will attract new green businesses to population. We are also making widespread 650 of new or upgraded cycle the city and support the creation of new improvements for pedestrians, creating 8,000 infrastructure that is complete green jobs throughout the UK. wider footways and encouraging more 650 500 or under construction people to walk to work and school. These 7,000 600 Supporting low-emission lifestyles temporary measures have been introduced 7,250 The pandemic has led people to re- to provide more space for people to safely 6,000 6,700 300 discover their local neighbourhoods. We walk and cycle, while at the same time 200 want to build on this by fostering a city maintaining social distancing. 480 450 150 that enables people and communities to 5,000 250 20,000 thrive by supporting sustainable access to The delivery of Low Traffic 5,420 sqm of highway has been 5,200 reallocated to pedestrians town centres and high streets, as well as a Neighbourhoods and School Streets across 4,900 prosperous central London. London is beginning to take shape, helping 4,000 across 34 sites to reduce the impact of traffic, improve We are already demonstrating leadership in air quality and encourage safe and more 3,000 delivering a safe, green recovery from the active travel. We have introduced a number coronavirus pandemic across London. For of urgent and temporary corridors in example, the Streetspace for London plan, central London to create bus, walking and 2,000 which we developed with the Government permitted traffic only roads, including the 594 and , has rapidly adapted A10 at Bishopsgate between and 1,000 Low Traffic Neighbourhoods our streets and public transport system to London Bridge. and School Street schemes respond to the immediate challenge. The have been awarded funding plan will also support London’s long-term We also have plans to expand the Ultra 0 2005 2017/18 2020/21 2025/26 2030/31 sustainable recovery, avoiding the damaging Low Emission Zone. In October 2021, the impacts of a car-led recovery on our current boundary will be extended to economy, communities, inclusion, health, create a larger zone, bounded by the North Private vehicles safety and environment. and South Circular Roads. Any petrol or London Buses diesel vehicle being driven within this area 44% reduction in nitrogen dioxide We have introduced new temporary cycle will need to meet the tighter emissions , Rail, Buildings, concentrations in central lanes on some of London’s busiest streets standards or pay a daily charge. Infrastructure, Head offices London since February 2017 to encourage more cycling, including and Euston Road. The financial benefits of continuing to invest in this area While emissions in London are dominated by private vehicles, we must continue to play our part and to support the Government’s vision.

Investment to get London and the UK moving again 9 Achieving the vision There are four pillars to our integrated Vision Action Benefits approach to a green recovery, as outlined London is a zero-carbon global city where Our role is rooted in three Together with the Government on the previous two pages. We have three a sustainable transport network supports strands of action to support a and DfT, we can boost the economies strands of action that support these pillars, a healthy and invigorated Capital with green recovery of London and the UK and their and each of the projects within these will opportunity for all global reputation be designed with a green recovery in mind.

This approach will maximise the benefits that can be unlocked from each project Maintaining London’s and the UK’s and, in turn, improve the returns on attractiveness as a place in which to A healthy and inclusive city Bus electrification by 2030 Government investment. live, work, visit and do business in the future

Supporting an active and thriving Climate emergency Investing in zero-emission transport London that is a safe, accessible, resilient and healthy city

Tackling London and the UK’s Green economy Healthy Streets and healthy people contribution to climate change and air pollution

Accelerating the transition to a Low-emission lifestyles low-carbon circular economy

Investment to get London and the UK moving again 10 Strengthening the UK’s place in the world Our projects ensure that London is able to support the whole country’s recovery from the pandemic

Maintain and stimulate Adapt and accelerate Regenerate

We must be a good custodian of tax We must provide opportunities for people We need to plan now for the longer-term payer investment to get the most from to travel differently and transition to transport enhancements London needs. our assets. a zero-emission network as quickly as possible. This will enable us to prepare for a period There is an ongoing cost to keep the of regeneration after the pandemic, network at the current level of reliability, Despite an uncertain future, we need to supporting the recovery across the UK. safety and general asset condition. address the challenges that existed before Without this investment, the condition the pandemic. We need to invest now While there is uncertainty about how of the network moves backwards, costs to secure the recovery and the future London will change and it may be difficult increase, reliability declines and, as we will priorities we share for London and the UK. to make final decisions on schemes at this never compromise on safety, closures to This includes investing in London’s green stage, public transport will remain vital in essential assets become necessary. These transport to accelerate the transition to a supporting economic growth. are not hypothetical situations. The aging UK-wide green economy. Piccadilly line fleet has become increasingly unreliable and the Rotherhithe Tunnel has We must continue to invest in active travel more vehicle restrictions, which curbs options for the health and wellbeing commercial activity in London. of Londoners. We must also continue to invest in a more accessible, inclusive Sustained investment in the network transport network to provide alternatives is needed to prevent people choosing to a car-led recovery. the privacy and flexibility of their cars. Only by maintaining capacity, frequency We continue to have a key role in enabling and reliability, can we hope to restore housing development, including on our confidence in public transport and ensure own property and through matched people continue to choose it for the funding for transport enhancements with majority of journeys in the Capital. both developers and boroughs.

Throughout this document all costs are listed at constant prices. Costs are best current estimates and are subject to change as projects develop.

Investment to get London and the UK moving again 11 Investing in infrastructure, innovation and people Adapting our investment to deliver schemes that regenerate the economy, support UK suppliers and encourage low-emission lifestyles

We must continue to deliver these London, we saw significant reductions in environmental and economic benefits, but CO2 in the first half of this year as people it is entirely dependent on secure, long- changed their travel behaviours – we now term funding that enables us to commit to need to invest in our network to make the next generation of improvements to long-lasting environmental improvements. London’s transport network. We also need to adapt to the way we do things. This is why we are transitioning our An investment in London is an investment energy supplies to renewable sources and that will benefit the whole of the UK. delivering on new electric buses, both of which drive investment across the UK. Zero-carbon economy We have seen new ways of working that We also saw significant reductions in NO2 could be accelerated to enable the country levels in the first half of 2020, as shown in to transition to a zero-carbon economy. the map on page 13, owing to widespread If we can do this successfully, it would changes in travel behaviour. This builds on boost the economy, create more jobs the significant reductions in air pollution and help achieve national targets on the already delivered by the central London environment and equality. Our ambition Ultra Low Emission Zone, and cleaner is to make our public transport services buses and taxis. net-zero carbon as soon as possible, and accelerating the electrification of our bus fleet is key to achieving this. Across

Investing in our projects and people will support the UK recovery Investment to get London and the UK moving again 12 Reduction in nitrogen dioxide concentration levels in London Job protection and creation Percentage of journeys made by July 2020 compared to January 2020 By accelerating investment in the sustainable modes with continued decarbonisation of our network and investment levels renewable energy solutions, we will create thousands more jobs and produce innovative solutions, attracting international investment. 2000 A healthy and adaptable Capital 52% To keep London moving, attractive and resilient to climate changes and future shocks in our economy, we must maintain our existing infrastructure. Relatively small investments can unlock substantial new 2019 capacity. Compared to 2001, we carry 49 per 63% cent more people on the Tube and 57 per cent more on buses. We want to continue smart investment that maintains this shift to walking, cycling and the use of public transport from 63 per cent today to 80 per cent by 2041. 2041 80% We must get people back to work, but we must do this in a way that supports the environment and health of our customers. It is also vital that we support the economic engine of London’s Central Activity Zone.

>25%

25-10%

10-5%

Investment to get London and the UK moving again 13 Regional economic benefits from our supply chain Avoiding a car-led recovery We need to avoid our city becoming (Spend and number of businesses by region)* With targeted investments to maintain clogged with cars, which would make and adapt our assets and accelerating key it less healthy for people, less safe and schemes, we can prevent a car-led recovery. less efficient to move around. We are Investment in public transport, walking and primed to pivot our investment towards cycling will be key. The amount of private a green recovery, supporting green jobs, trips, as a percentage of total trips, has and the UK’s reputation as a leader in the Scotland increased during the pandemic. environmental agenda. 57 (£24.5m) Percentage of journeys made by sustainable modes with continued investment levels

Other 43,000 434 (£60.2m) people directly employed by the London Underground Investment Northern Ireland 37% Programme 11 (£4.6m) of 27 million total trips in 2018 baseline North East 54 (£359m) 35% 68% Yorkshire and the Humber of 14 million total trips 157 (£47.5m) in April 2020 of the 43,000 jobs stated above North West are outside of London 193 (£326m) East Midlands 217 (£69.7m) West Midlands 43% 232 (£259m) of 20 million total trips East of in late June 2020 461 (£184.9m) 55p Wales from every £1 spent on 54 (£10.6m) the London Underground London We have already launched the Streetspace investment programme goes 1,538 (£4.3bn) to workers outside London for London plan in response to the South West pandemic and intend to adapt and 152 (£217m) accelerate these green changes if funding can be secured. South East 726 (£500m)

* Our third-party spend for 2019/20

Investment to get London and the UK moving again 14 Maintain and stimulate Without replacing assets and ongoing renewals, some services will quickly become unreliable and we can expect some essential assets to stop functioning

Investment to get London and the UK moving again 15 Renewing our core assets

Our long-term capital plan prioritises asset Rolling stock – £515m pa Track – £200m pa Power, cooling and energy – £80m pa renewals, targeting replacements at the end of design life. Maintaining our assets is the bedrock of our continued safe and reliable operation. They are not discretionary and, while they vary in flexibility, we need a steady run-rate to maintain their condition and minimise costs over their lifespan.

Our optimal asset baseline ensures current levels of safety, performance and condition, as well as meeting our legal and Government obligations. This does not Our train fleets across the Tube, DLR, Enabling the movement of rolling stock Controlling traction power supply, heat include enhancements, except replacing London Overground and Elizabeth line in a safe and reliable way across around mitigation assets, and energy initiatives, assets, such as rolling stock, with more 1,050km of track such as solar panels and LEDs modern options. We must replace our fleets as they approach the end of their design life, which We maintain today’s level of performance We maintain the condition of power Importantly, maintaining current levels of is around every 40 years, while maintaining by delivering a programme of track and cooling assets to support a safe and safety, performance and condition is not and renewing them throughout to maintain inspection, maintenance and renewals. We operable network. This includes delivering sustainable in the long term. Our stations safety and reliability. must replace less reliable forms of rail with power upgrades to enable frequency and trains may not remain fit for purpose, modern, more reliable equivalents on a improvements and initiatives to reduce the owing to increased demand and crowding prioritised basis. environmental impact of our network. as we support a green recovery from the pandemic. Technological advances also mean the assets we have now might not be Signalling – £105m pa Lifts and escalators – £50m pa Stations and building systems – £75m pa the right ones for the future.

The assets and software that control train We maintain 442 escalators, four This includes all assets within stations, movement on the Underground conveyors and 242 lifts across the network including the structures themselves

We need to extend the life of these assets We proactively maintain and renew these We maintain station condition and renew on the Bakerloo and Piccadilly lines, and assets as part of a risk-based programme key assets within our 270 stations to manage obsolescence and upgrade existing designed to ensure high levels of reliability. enhance customer experience and maintain digitally signalled lines. effective operations.

Investment to get London and the UK moving again 16 Tube structures – £20m pa Technology – £175m pa Other highway assets – £65m pa Other public transport assets – £90m pa

These include our bridges, earth This includes traffic management, These are our carriage and footways, This includes bus, coach, rail and river structures and lineside buildings compliance systems, CCTV, operationally signals and other highway assets, such as assets, as well as renewals across the critical radio and transmission services streetlights, trees, and safety cameras Emirates Air Line, and We maintain safe structures and conduct the Woolwich Ferry regular inspections. We improve the We must keep our key operational systems We must proactively maintain these condition of these structures and going and replace them with modern assets according to their varying lives, We maintain and renew these assets, then strengthen them when required. These equivalents when necessary. We drive which can be between five and 40 years. replace them when they are at the end of structures have long lifespans, but we must consolidation and core system alignment The condition of the assets and cost of their useful life, according to whole-life cost plan for significant expenditure towards the wherever possible. materials will determine the specific principles. We must establish a consistent end of these. interventions needed. standard of operation across these assets.

Engineering vehicles – £35m pa Major highway structures – £70m pa

The vehicles we use to inspect, maintain This includes our bridges and tunnels, and repair our assets such as , Blackwall Tunnel and Vauxhall Bridge This involves replacing our life-expired engineering vehicles. We conduct major works on bridges and tunnels to keep them safe, reliable and operable. There are around 26 assets likely to need repair over the next 25 years.

Investment to get London and the UK moving again 17 Renewing the road network for freight

Businesses across the UK rely on our road A40 Westway network for access to London’s consumers, We could prevent unplanned closures with 90 per cent of all freight transported and speed restrictions caused by the poor by road. This means congested roads are condition of the road and failure of large a major barrier to economic recovery. A expansion joints. lack of long-term certainty of sustained funding for London’s roads has led to a Gallows Corner Flyover deterioration in many assets. Without This would prevent unplanned closure preventative maintenance measures, we due to safety defects and fatigue cracking, have had to introduce speed and weight and remove existing weight and speed restrictions and, in some cases, closures. restrictions. Congestion in London now loses the economy £5.5bn per year and drivers in the By investing in new technology to support Capital lose more than 200 hours per year how people are using our roads differently, stuck in traffic. such as through increased home shopping deliveries and more walking, cycling and If defects are not addressed, they will bus travel, we could serve as a test bed for become safety critical and cause short innovation that could benefit the whole of notice closures for extended periods until the UK. repairs can be done, as happened recently with Hammersmith Bridge, which is also a With £500m of investment, our Surface key link for walking, cycling and buses. We Intelligent Transport Systems programme need a separate funding stream to renew could deliver more than £1bn in benefits London’s bridges to prevent this from in London alone by reducing delays and happening elsewhere. improving journey time reliability for road users. These innovative systems use A £2bn investment between now and 2030 artificial intelligence to manage unplanned would enable us to renew key road assets, events on our roads, enable changes remove current restrictions and prevent in user requirements and support new further restrictions and closures, and forms of transport such as e-scooters. immediately begin work on several high This technology could be developed in priority projects, including: conjunction with other metropolitan areas, benefiting the wider UK while opening up Rotherhithe Tunnel the possibility of marketing overseas. We could remove the need for several thousand small and medium-sized vans to make a 30- to 60-minute detour each day to avoid the tunnel.

We proactively maintain our roads and highways assets Investment to get London and the UK moving again 18 Next generation Next generation of rolling stock of rolling stock replacement. Cost: £1-£2bn replacement Bakerloo line

The Underground currently requires more than 600 trains to operate, and these trains Delivery schedule: Late 2020s have a design life of around 40 years. This means we need, on average, a new Tube Trains per hour today: 22 train every three to four weeks to avoid the Future: 25 condition of the fleet deteriorating. Failing to replace trains that have reached the end of their life causes declining reliability Fleet age: 48 years and customer service, as well as creating a backlog of investment that will have to be caught up with later. Our two least reliable fleets are those running on the Bakerloo Central line and Central lines.

Our Bakerloo line trains entered service Delivery schedule: Late 2020s almost 50 years ago. We have invested in life-extending work to keep this fleet safe and operational, but they must soon be Trains per hour today: ~28 replaced. The Central line is the second Future: 30 (without new signalling) busiest Tube line but suffers from poorer reliability and a worse customer experience than others. These trains are 30 years old Fleet age: 28 years and we should start preparing to replace them to improve the service. Benefits: Siemens are building a new factory in Restores reliability, improves customer Goole in Yorkshire to manufacture the experience, and with sufficient funding and next generation of Tube trains – with other investment could enable capacity improved energy efficiency to reduce our increases of 20 to 40 per cent. carbon impact, walk-through carriages, air conditioning, better accessibility and many other features to improve their performance and the environment for How this aligns with Comprehensive customers. We have options built into our Spending Review objectives contract with Siemens to continue the rollout of new trains, but activating these require funding certainty. This certainty Strengthening the UK’s economic would enable us to commit to an efficient recovery from coronavirus profile of continuous train rollout once Levelling up economic opportunity the Piccadilly line fleet order is complete, stimulating the UK’s manufacturing Improving the management and industry and ensuring the continued delivery of our commitments reliability and modernisation of the Tube.

Investing in rolling stock will make our services more reliable Investment to get London and the UK moving again 19 Piccadilly line signalling replacement Cost: £2.5bn Revenue uplift: £40m per annum by 2041 and Holborn station upgrade Delivery schedule: 2021-30 Trains per hour today: 24 Future: 36

The Piccadilly line provides vital planned across this huge area. These wide- Benefits: connectivity from Europe’s busiest ranging benefits mean the overall project Unlocks 30 per cent additional capacity – 13,500 extra people per hour. airport to central London and the West has a benefit-cost ratio of 9:1, offering This is on top of around an extra 20 per cent that the new trains already End, and connects growing suburbs and exceptional value for money. unlock. Enables more than 20,000 homes to be delivered. opportunity areas across north and west London to major employment districts. This project will have wider economic Replacing its ageing infrastructure would benefits, by providing better access to reduce maintenance and renewal costs productive jobs and stimulating new and improve the energy efficiency of the development across London. These wider service, while a higher-frequency service economic benefits, which are not included would enable us to make more effective here, have been quantified at £140m per use of our assets and unlock significant year in 2041 and rising after this. The wider economic benefits. Further deep project will require more trains to be built, Tube lines will need similar works in the supporting the viability of the Siemens future and committing to this project could factory being built at Goole in Yorkshire. prime the market for these and enable greater efficiencies. Investment can start in 2020/21, by preparing the design for Holborn station We have been able to fund the Piccadilly and procuring the new signalling system. line fleet replacement but cannot commit to the signalling, which would create the Potential milestones during this largest increase in capacity. Replacing the parliamentary term include signing signalling to increase the frequency of the Piccadilly line and Holborn station services would also make the upgrade of contracts, with work starting on the Holborn station vital, as overcrowding station. Enabling work could also start on already forces it to close on a regular basis. the signalling replacement.

Ten per cent of inner London’s population growth in the next 20 years is forecast to How this aligns with Comprehensive be within one kilometre of the Piccadilly Spending Review objectives line. This line is already extremely crowded and will remain so without further interventions. The resignalling project Strengthening the UK’s economic will increase capacity by 33 per cent and recovery from coronavirus enable us to reorganise services to Ealing Levelling up economic opportunity Broadway and run more trains to Richmond and Wimbledon. This would Improving the management and create space for more people to travel delivery of our commitments across four different branches in west London, enabling low-carbon journeys Bakerloo line Hammersmith & City line Piccadilly line from the significant housing developments Central line Jubilee line Victoria line Circle line DLR District line Northern line

Investment to get London and the UK moving again 20 Higher capacity Jubilee line fleet

A number of recent issues with Jubilee line How this aligns with Comprehensive Cost: Around £1.9bn plus enabling works trains have highlighted the significance to Fleet age: 23 years Spending Review objectives Revenue uplift: £20m per year business of this line. It serves key growth areas for jobs and housing, including Strengthening the UK’s economic , Canada Water, Stratford, Delivery schedule: 2024-29 Trains per hour today: 30 Future: 36 North and , and recovery from coronavirus it already suffers from critical crowding Levelling up economic opportunity issues. Addressing the overcrowding issues Benefits: is essential to realise the full potential Strengthening the UK’s place in A capacity uplift of 25 per cent, which equates to 14,000 extra people per of these areas to become hubs for highly the world hour able to access London’s most productive business districts. This productive jobs. supports delivery of 15,000 new homes and frees up the current Jubilee Improving the management and line fleet to be used on the Northern line. There are various options to enhance delivery of our commitments capacity on this line. The most transformative would involve buying 73 new, higher-capacity trains to increase capacity by 25 per cent, equating to 14,000 extra people per hour. This would have a secondary benefit of freeing up the current Jubilee line fleet to be used on the Northern line, enabling more trains to operate to other key development areas including Euston, Colindale, and , as well as the West End and the City of London.

The milestone of signing contracts could be achieved during this parliamentary term. Bakerloo line Central line Circle line District line Hammersmith & City line Jubilee line Metropolitan line Northern line Piccadilly line Victoria line DLR London Trams

Investment to get London and the UK moving again 21 Adapt and accelerate This package of investment will progress targeted schemes so we can accelerate the move towards a zero- carbon future, while achieving higher productivity, creating new jobs and reducing inequality

Investment to get London and the UK moving again 22 Sustaining London’s bus network

Buses are the dominant mode of public bus journey times, reduce operating transport in London, carrying 2.2 billion cots, and increase demand and revenue. passengers each year. As we have seen Maintaining a pipeline of bus orders will throughout the city’s history and again enable us to accelerate the conversion of this year during the pandemic, London’s the bus fleet to zero emission, from 2037 to bus network is vital in keeping the Capital as early as 2030, matching the ambition of moving. As the economy has reopened, our European peers. A zero-emission bus the London Bus has continued to lead the fleet will reduce carbon emissions by three way. It provides an accessible and inclusive million tonnes and secure orders for 2,000 travel option for all, enabling ever more electric buses to be built across the UK in important local trips and journeys to and the next five years, helping the Government from London’s town centres. Buses also achieve its target of 4,000 electric buses by support critical workers, those returning to 2024. This will secure 3,000 jobs and enable the office and vitally, our children as they manufacturers to create around 600 more. return to school this September. To support the zero-emission fleet, we However, without continued investment, will need to spend £300m on power our bus network will shrink. This will upgrades and charging infrastructure. In restrict London’s recovery by making it addition, accelerating conversion to 2030 harder to access shops and jobs. It will will increase operating costs by £700m up encourage people to travel by car, which to 2036/37, owing to the difference in cost will increase congestion and carbon between conventional and electric buses, emissions. A smaller bus network will also net of fuel savings. mean fewer night services, fewer school services and fewer services in harder to reach parts of outer London. People who rely on the bus network most of all – children, key workers, women, and black, Asian and minority ethnic people – will be 2.2bn disproportionately affected. bus passengers in London each year A shrinking bus network will mean fewer new buses being ordered from UK manufacturers and a shrinking job market in that sector. Up to half of new bus orders in the UK come from London and cutting off 3,000 this demand will harm manufacturers and jobs that could be secured their supply chains. through investment in our zero-emission bus fleet Sustained investment in the bus network will support London’s green recovery and growth. A long-term commitment of £0.5bn in our bus priority programme will improve

We need continued investment to sustain our vital bus network Investment to get London and the UK moving again 23 Bus electrification by 2030

Bus electrification has a central role to play in strengthening the UK’s economic Cost: £1.0bn to 2030 recovery from the coronavirus pandemic. Nearly a third of the UK’s buses are in London, meaning the size of the London Delivery schedule: 2020-30 market can support the UK’s electric drive- train and battery manufacturing, which can then supply the whole country’s bus Benefits: requirements. This would secure an existing Electric buses produce no tailpipe 3,000 UK jobs and create around 600 more, emissions and can harness the CO2 including highly skilled manufacturing emissions of a cleaner electricity grid. Our jobs in the electric vehicle supply chain, buses contribute eight per cent of London’s including in Scarborough, Falkirk, Leeds and transport CO2 emissions. Ballymena. We have extensive experience in integrating zero-emission buses into our fleet and procure half of all new buses in the UK each year, so we can quickly get How this aligns with Comprehensive funding to manufacturers. Spending Review objectives We have already committed to fully electrifying our bus network by 2037. Strengthening the UK’s economic However, this would leave London behind recovery from coronavirus other cities such as Amsterdam, Berlin, Levelling up economic opportunity Brussels, Copenhagen, Milan, and Moscow. Accelerating this programme will help Improving outcomes in improve outcomes in public services and public services help reach net-zero carbon more quickly. Making the UK a scientific Clean and green buses will encourage superpower people to use public transport and help avoid a car-led recovery. If buses could be Strengthening the UK’s place in the electrified by 2030, it would reduce CO2 world emissions by 2.9 million tonnes, which is 1.3 million tonnes more than if we stuck with Improving the management and the original electrification date of 2037. delivery of our commitments

The additional cost of accelerating electrification to 2030 is around £1bn, which includes the required capital infrastructure and the operating premium from the initially more expensive vehicles.

Buses are essential in supporting the UK’s recovery from the pandemic Investment to get London and the UK moving again 24 Investing in zero-emission transport and energy

We must ensure our investment supports Our funding models for charging Zero-emission operations the uptake of zero-emission options to infrastructure in London show that an We want our operations to be zero Cost: Scalable at different levels ensure a clean and green recovery. investment of £350m would deliver carbon and have a zero-carbon railway by between 2,300 to 4,100 rapid charge points 2030. Investing in improvements to the Electric vehicle charging infrastructure and between 33,700 to 47,500 slow-to- energy efficiency of our network, such as Delivery schedule: By 2030 Supporting the uptake of electric vehicles fast charge points by 2025. The blend of additional energy saving measures on our will reduce carbon emissions, cut pollution charging infrastructure delivered for this existing rolling stock, will improve reliability and improve air quality across London, investment would depend on the uptake and reduce carbon emissions and operating Benefits: while supporting economic growth across of electric vehicles and their charging costs. Accelerating London’s contribution to the UK. Our London electric vehicle behaviours. The development of a central cutting emissions. Renewing and greening infrastructure delivery plan outlines that, London Zero Emission Zone would Directly contracting our electricity use transport assets, which in turn will enhance with an uptake of electric vehicles in require £5m. through renewable Power Purchase the efficiency of the energy network. line with the Mayor’s Transport Strategy, Agreements could add significant demand Stimulating green job creation by fostering London would need around 50,000 electric for clean energy and create additional innovation in systems to decarbonise heat vehicle charge points of different types by jobs in the UK renewables sector outside and promote energy efficiency. 2025. London. Long-term procurement contracts for a significant proportion of our energy Investing in zero emission technology will 4,100 could have a value of around £1.2bn. generate UK jobs and help secure the UK’s rapid charge points needed in How this aligns with Comprehensive position as a global leader towards zero London by 2025 We will take an incremental approach Spending Review objectives emissions. For instance, our policy since to contracting for renewables and January 2018 requires all newly registered Government support could facilitate taxis to be zero emission capable. This has a more ambitious procurement route, Strengthening the UK’s economic secured more than £300m in foreign direct resulting in even more renewables coming recovery from coronavirus investment and created more than 1,000 online and a more rapid decarbonisation 550,000 Levelling up economic opportunity jobs in Coventry. Londoners are estimated to of the country’s electricity system. develop diseases caused by air Complementary support for renewable Improving outcomes in Further investment would unlock 50 per pollution over the next 30 years, projects, which directly connect to our public services cent match funding from the private sector with a potential cumulative cost network, would directly support clean to the NHS of £10.4bn for the roll out of rapid charge points, and energy in the South East. Making the UK a scientific 25 per cent match funding from the London superpower boroughs for the roll out of on-street Investment in schemes that reuse heat residential charge points. produced by the Tube would support the Strengthening the UK’s place in the decarbonisation of heat in London and world 1,700 support job creation in this sector. gigawatt hours – total electricity Improving the management and consumption of our services in delivery of our commitments 2019/20, making us one of the largest consumers in the UK

Investment to get London and the UK moving again 25 Healthy Streets and healthy people

Our Healthy Streets Approach will make of Londoners, expanding our cycle hire Santander Cycles walking, cycling and public transport the scheme to make bikes more easily available Cost: £3.4bn Our Santander Cycles scheme plays an most appealing transport choices for to a greater number and more diverse important role in supporting London’s everyone. This will improve people’s health range of people, making our Streetspace for active travel goals. Since 2010, the scheme and wellbeing and make London a safer, London plan transformations permanent has contributed more than 10 million Delivery schedule: By 2030 greener, and more efficient and inclusive where appropriate, and improving safety cycle journeys each year as more people city. Prioritising people over cars will help through our Safer Junctions programme discover the benefits of cycling in London. revitalise high streets and make urban areas as we work to eliminate death and serious Benefits: During lockdown, ridership increased more pleasant, improving quality of life injury from our transport network by 2041. Revitalised local high streets attracting significantly, with membership increasing and attracting and retaining international These actions will also help to improve and retaining international business and by 200 per cent between March and July businesses and their employees. bus speeds, which will reduce operational employment. More walking and cycling. 2020 and 85,000 new people signing up. costs, facilitate future growth and improve Improved bus speeds. Improved health. Santander Cycles also played a key role We need to avoid our city becoming the operational efficiency of our roads. in helping key workers get around. As the clogged with cars. Any increase in traffic Increasing walking, cycling and bus use will scheme celebrates its 10-year anniversary, will create more exposure to toxic air mean streets are used more efficiently, an upgrade is needed to sustain operability pollution and reduce opportunities for which will also support London’s growing and keep pace with technological change. How this aligns with Comprehensive physical activity, risking an increase in population and economy. Spending Review objectives existing health inequalities. This approach We will need £25m of investment into the is fully aligned with the Government’s There are also wider benefits from Santander Cycles scheme to bring about ambition, as laid out in its recent Gear investing in carefully designed Healthy Strengthening the UK’s economic wide-ranging benefits, including introducing Change Report, to rapidly grow the role of Streets, such as more green infrastructure, recovery from coronavirus e-bikes for the first time and upgrading walking and cycling in our transport system. better air quality and sustainable drainage the hire tariff to meet current and future Improving outcomes in to prevent flooding. This will create cleaner, needs. This investment would also enable public services London has huge potential to shift to greener, more inclusive and attractive urban us to expand the scheme, with 40 new walking, cycling and public transport. spaces that improve health and wellbeing, Strengthening the UK’s place in the stations complementing the design of key Nearly half of car trips in London could and prepare for the risks of climate change. world cycling routes in southeast and southwest be cycled in around 10 minutes, and more London. than a third could be walked in under 25 Improving the management and minutes. We want to support everyone to delivery of our commitments The investment would enable revenue do the 20 minutes of walking or cycling growth that will, in time, offset the each day recommended for good health £15.4bn scheme’s operating costs and deliver a and wellbeing. To realise this potential, cost to the NHS and social care business-critical upgrade to the back-office we need to invest in our streets to make by 2050 for caring with people systems, ensuring compliance with General them safe, reliable and appealing places for with conditions from poor air Data Protection Regulations and Payment walking, cycling and public transport. quality if no action is taken Card Industry Data Security Standard.

We would need an investment of £3.4bn to 2030 to fully deliver transformative projects that enable more walking and cycling and improve bus services across £1.7bn London. These include creating additional saving in NHS treatment costs over 25 years if every Londoner walked Low Traffic Neighbourhoods and School or cycled for 20 minutes a day Streets on borough roads, expanding the cycle network to reach 70 per cent

Investment to get London and the UK moving again 26 Streetspace for London plan In response to the pandemic, we devised the Streetspace for London plan to rapidly transform London’s streets and support 54% health and safety through the promotion increase in cycling on the upgraded Cycle of active travel. We developed plans for 10 Superhighway 2 corridors to expand the cycling network in the areas where it is most needed, while also delivering improvements for walking and buses.

The plans currently incorporate temporary 18% increase in cycling measures, which could be expanded and across our Mini- made permanent. These would deliver Hollands schemes, a range of benefits, including expanding and 12 per cent the cycle network to reach 70 per cent of increase in walking London’s population, creating a healthier population and stimulating the economy.

Cycle network delivery We have been working closely with 127% London boroughs to deliver new and increase in cycling on the new upgraded cycle routes across Greater Cycle Superhighway 6 London, including protected cycle tracks on busy main roads and routes using quiet residential streets. These projects have successfully encouraged more people to switch to cycling, with large increases in ridership on improved routes.

Expanding the cycle network to reach more Londoners is at the core of our ambition for cycling – just nine per cent of Londoners live within 400 metres of London’s high- quality cycle network. Our plans for this have been developed using a world-leading, data-led Strategic Cycling Analysis tool, which considers current and potential cycling as well as supporting population and employment growth.

Our investments are enabling more Londoners to cycle safely Investment to get London and the UK moving again 27 Further step-free access programme

Our existing step-free access programme is improving accessibility across the Tube Cost: scalable at different levels network. We have not yet confirmed plans to continue this work beyond 2024. Continuing commitment to this Delivery schedule: 2024 onwards programme, alongside the Government’s Access for All programmes at stations, would improve life opportunities Benefits: for the 14 per cent of Londoners who have Reduces additional journey times for those a disability and enable them to continue who rely on step-free routes, improves to make a contribution to the growth of social inclusivity and life opportunities for London’s economy. disabled people and anyone with reduced mobility. As well as improving life for Londoners, our step-free access programme also makes London a more friendly and inclusive city for visitors. These investments offer good How this aligns with Comprehensive value for money, with works typically Spending Review objectives having sizable third-party funding, and provide other benefits to stations, such as Improving outcomes in larger ticket halls. public services

Even with recent progress in providing step- Strengthening the UK’s place in the free access, the Tube still significantly lags world behind other world metro systems. Around a third of our Underground stations are Improving the management and fully accessible, whereas typically 70 to 100 delivery of our commitments per cent of other world cities’ stations are accessible.

Adding new accessible stations to the programme could focus on the most strategically significant locations, reducing barriers to travel and improving connectivity for areas of London that deliver the largest benefits.

Step-free access enables people to contribute to London’s growth Investment to get London and the UK moving again 28 Regenerate We must plan now for the longer- term transport enhancements, even for schemes that won’t happen immediately. This will enable us to prepare for the regeneration period after the pandemic and support the recovery across the UK

Investment to get London and the UK moving again 29 Increasing frequency on the Elizabeth line

The Elizabeth line will run at 24 trains per How this aligns with Comprehensive hour in central London when it is complete, Spending Review objectives Cost: £0.5-1bn but it has been designed with the capability to run more frequently than this. Relatively minor investment, focused on additional Strengthening the UK’s economic trains and stabling facilities, could increase recovery from coronavirus Delivery schedule: 2023-28 this to a train running every two minutes. Levelling up economic opportunity This could be combined with extending the Trains per hour upon completion: 24 Future: 30 central core of the route to serve the new HS2 hub at . This would Strengthening the UK’s place in provide more capacity for passengers the world Benefits: arriving from the Midlands, North of This would increase capacity on the line by 25 per cent once fully England and Scotland, to both central Improving the management and open, enabling an additional 18,000 people to travel per hour to London and . delivery of our commitments some of London’s most important employment districts.

Shenfield

Surface line Brentwood

Tunnel Harold Wood BRENTWOOD Portal (tunnel entrance and exit) REDBRIDGE Chadwell Seven Heath Gidea Kings Park SOUTH BUCKS Forest Goodmayes HILLINGDON ISLINGTON Gate Maryland HAVERING CAMDEN Circle Metropolitan Manor Hammersmith Park & City Hammersmith BARKING & Central & City Stratford District Central EALING District Central Luton TOWER Overground Jubilee Taplow Burnham Jubilee Gatwick HAMLETS DLR WESTMINSTER Ealing Bond Farringdon Overground West KENSINGTON & NEWHAM Broadway HAMMERSMITH & Street Drayton Hanwell CITY OF Maidenhead Langley Iver CHELSEA Hayes & Southall LONDON SLOUGH Harlington Acton Tottenham Liverpool Slough West Street Main Line Court Road Circle Ealing Circle Canary Custom Northern Metropolitan Hammersmith House & City Central Hammersmith Wharf & City DLR Bakerloo Jubilee Abbey Northern District DLR Central Wood Twyford Woolwich Stansted DLR WINDSOR & MAIDENHEAD Southend T1,2,3 T5 GREENWICH T4 BEXLEY Reading WOKINGHAM Heathrow Piccadilly Heathrow READING

Investment to get London and the UK moving again 30 DLR extension to Thamesmead

Extending the Beckton branch of the DLR DLR, Jubilee, Elizabeth line and across the river supports the regeneration services to Stratford of the Thamesmead and BARKING AND Opportunity Area and would also unlock DAGENHAM growth at Beckton Riverside. The extension would improve connectivity across the river in some relatively deprived areas of London West Ham and increase capacity to support growth. NEWHAM

Potential new station Cost: Around £800m Beckton TOWER HAMLETS Canning Town

Custom House Delivery schedule: 2026-30 Gallions Reach Thamesmead Canary Wharf CITY AIRPORT Trains per hour today: n/a services to Future: up to 5 line and DLR Elizabeth Jubilee, Potential further Benefits: extension Supporting up to 20,000 new homes BEXLEY across the Thamesmead and Abbey Wood and Royal Docks and Beckton Riverside Opportunity Areas. At least 8,000 jobs Woolwich in Thamesmead, and potentially more at Abbey Wood Beckton Riverside.

GREENWICH Greenwich How this aligns with Comprehensive Spending Review objectives

Levelling up economic opportunity London central to National Rail servicesNational Improving outcomes in DLR stations Elizabeth line station Proposed new station public services Interchange stations National Rail Elizabeth line DLR Existing DLR route London Underground Improving the management and and London Overground delivery of our commitments LEWISHAM London Underground Extended DLR route National Rail lines

Investment to get London and the UK moving again 31 Delivering housing for London

Our property portfolio can unlock homes, Some of the schemes that can be the Mayor’s objectives to reduce car travel deliver construction activity and provide a progressed with Housing Infrastructure and create healthy, safe and attractive Cost: Immediate nil revenue uplift. Funding include: public spaces. Crucially, the Growth Fund 1st tranche: £350m leverages large amounts of third-party 2nd and 3rd tranche: £200m each As one of London’s largest landowners, we West London Orbital funding to maximise the benefits of our Revenue uplift: £200m per year play a key role in delivering the thousands This new orbital connection, supporting contribution. of homes and jobs that our city needs. We 14,000 housing units, will significantly currently hold £1.7bn of commercial assets improve public transport accessibility in Without continued funding for on our balance sheet, operate an expert west and northwest London, releasing smaller scale transport infrastructure Delivery schedule: property development function, and have a growth capacity and alleviating pressure improvements through this fund, Current pipeline: Immediate once self-financed business plan to deliver 13,400 on the Piccadilly line and sections of the thousands of new homes will be put at access to funding confirmed homes across London, 50 per cent of which London Overground. risk. For example, schemes in Colindale, 1st new tranche: 2021-28 will be affordable. This can all be delivered West and Catford would deliver 2nd and 3rd new tranche: 2028-42 without the need for new Government North Acton Station Upgrade nearly 20,000 homes. funding. This development, supporting 6,000 homes, provides additional capacity, step- Benefits: With access to debt or equity, we could free access and a new station entrance Delivers 47,000 homes, supports the deliver around 47,000 homes across our and bridge to the HS2 development site. construction supply chain, including property development pipeline, and Developer contributions are committed counter-cyclical investment, and creates many more beyond this if our activity is for the station upgrade and further 47,000 tens of thousands of jobs through £11bn coordinated with Network Rail and others. contributions are expected. However, the new homes that could worth of construction activity. Also be delivered through our scheme cannot be progressed until a full property development provides improved accessibility through Access to Housing Infrastructure Funding funding package is in place. pipeline step-free access and improved interchange, will be critical to accelerating some of with wider social, economic and these sites, potentially in three tranches – Upgrade environmental benefits in multiple town starting in March 2021 where £350m would This scheme, which will support up to centres across London. help unlock more than 10,000 additional 10,000 homes planned within walking homes, largely in major, new, mixed-use distance of the station, is critical to £11bn town centre schemes. supporting the future operation of the of construction activity that station in the context of growth and could be supported through By building these new homes, alongside the communities that the various lines building new homes How this aligns with Comprehensive our significant commercial portfolio, we intersects. The scheme would enable Spending Review objectives can support £11bn of construction activity, opportunities in the Royal Docks Enterprise which will provide massive benefit to Zone and opportunity area. the supply chain as well as increase our Strengthening the UK’s economic revenue from £100m to £300m a year. Growth Fund recovery from coronavirus The Growth Fund is our only programme £300m Levelling up economic opportunity dedicated to delivering new homes, potential increase to our revenue from jobs and growth. It targets smaller scale housing projects Improving the management and investment where transport directly delivery of our commitments constrains growth and plays a critical role in

Investment to get London and the UK moving again 32 Camden Town and Northern line separation

Bakerloo line Metropolitan line If we purchase a new fleet of trains for How this aligns with Comprehensive the Jubilee line, we can add some of the Central line Northern line Spending Review objectives current Jubilee line fleet to the Northern Circle line Piccadilly line line. This would enable an unprecedented capacity upgrade to our most used line. Levelling up economic opportunity District line Victoria line We can do this by upgrading Camden Town Improving outcomes in Hammersmith & City line DLR station and separating the branches of the public services Jubilee line London Trams Northern line, effectively adding a new ‘Northern line 2’ line to the network. Improving the management and delivery of our commitments

Cost: £0.6-1.3bn Revenue uplift: £35m per year

Delivery schedule: 2024-28

Trains per hour today: 24 x 2 branches = 48 Future: 30+ on 2 branches = 60+

Fleet age: 28 years

Benefits: At least 25 per cent capacity increase on both the Northern line and the new ‘Northern line 2’ – created from the Charing Cross branch, via and Battersea with the completed Northern Line Extension. This would enable at least 20,000 additional people to be transported per hour.

Investment to get London and the UK moving again 33 Unlocking the benefits With total TfL capital investment of around £3bn per year, in constant prices, over 10 years, we could unlock these benefits

20,000 2.9m new homes could be delivered 14,000 tonnes of total CO that would be as a result of replacing Piccadilly extra people per hour could travel on 2 removed if we electrify our bus line signalling and upgrading a higher capacity Jubilee line fleet fleet by 2030 Holborn station

1,000 1,050km 20,000 new jobs created in Coventry from additional people could of track that we must inspect, manufacturing electric vehicles be transported per hour maintain and renew on the ‘Northern line 2’

3 25% 14% major road structures that will need of London’s population who live increase in capacity on the to close in the next five years without with a disability and would benefit Elizabeth line once open significant investment from additional step-free access

3,600 50,000 jobs will be secured or created 1million new electric vehicle charging points with our zero-emission bus fewer new air pollution related hospital with sufficient investment to unlock fleet programme for UK-built admissions by 2050, as a result of the match funding electric buses Mayor’s air quality policies

Investment to get London and the UK moving again 34 © September 2020 tfl.gov.uk PUB20_030