Item 7.15 Transport and Environment Committee 10.00am, Thursday, 20 June 2019 Annual Update on Council Transport Arms Length Companies Executive/routine Executive Wards All Council Commitments N/A 1. Recommendations 1.1 Transport and Environment Committee is asked to: 1.1.1 Note the progress of the three Council arms length companies (Transport for Edinburgh (TfE), Edinburgh Trams Limited (ETL) and Lothian Buses (LB) over the past 12 months; and 1.1.2 Refer this report to Governance Risk and Best Value Committee for noting, as part of the Council’s governance arrangements. Paul Lawrence Executive Director of Place Contact: Paul Lawrence, Executive Director of Place E-mail:
[email protected] | Tel: 0131 529 7325 Report Annual Update on the Council Transport Arms Length Companies 2. Executive Summary 2.1 This report sets out the progress made by TfE, ETL and LB over the last 12 months and is reported in line with the Council’s governance arrangements, which require an annual update on performance of arms length organisations. This is the first report on the Transport companies. 3. Background 3.1 On 22 August 2013, in establishing the arrangements for the operation of the new Edinburgh Tram, Council approved the establishment of TfE. This company now holds the Council’s shareholding in both LB and ETL. This shareholding is as follows: 100% of ETL and 91.01% of shares in LB (with the balance owned by East Lothian, West Lothian and Midlothian Councils). 3.2 The most recent update on the three companies was considered by Transport and Environment Committee on 17 January 2016.