TfL says to unveil its investment project plans | New


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Transport for London has been asked to make the priorities of its investment projects public, as its ongoing financial problems continue to threaten future projects.

In its response to Mayor of London Sadiq Khan’s budget proposal for 2019-2020, the London Assembly’s Budget and Performance Committee said the cash-strapped transport authority should make it clear which projects are outstanding.

In its latest round of results, released last May, TfL said its operating deficit had widened 26% to £ 1 billion.

The committee said: “There could be more postponed or canceled projects in the coming years, especially if the income picture doesn’t go exactly as TfL says it is.

TfL says the uncertainty means it needs to re-prioritize its investment program. It has color-coded its investment program, with projects ranked in descending order of importance from ‘critical’, to “Central”, to “desirable” or to “deprioritize.” We believe this exercise should be public.

“TfL is canceling investment projects and Londoners deserve to know which projects might be at risk.”

The committee said it had “specific and serious concerns” that TfL’s business plan, with which it identified critical issues, signaled a downward trajectory for the organization, with “reduced services and programs. planned modernization delayed or canceled “.

He also pointed to Crossrail as an additional hurdle for future projects, including Crossrail 2, saying the delay in launching and budget increases “could have significant ramifications that have yet to start to emerge.”

Canceled or delayed TfL investment projects

Scheme Last Position

Oxford Street Pedestrianization

Canceled due to lack of support from Westminster Council and £ 43million diverted to Healthy Streets.

Extension of the Bakerloo line

Now designated as a project that can only be done with government funding

Camden Town Station Upgrade

Canceled

Holborn Station Improvement

Postponed by one year to 2023-24

Piccadilly Line signage upgrade

Supply stopped. Now designated as a project that can only be done with government funding

Extension of the tramway to Sutton

Postponed. The previous business plan stated that TfL would “develop a proposal”; the new business plan still says the same thing

Proactive road maintenance

Canceled for the second year in a row. TfL will only do the minimum road works it has available to maintain safety

Extension of the north line

Delayed for nine months. TfL says it’s not a financial decision per se, but the mayor has so far been unable to quantify the loss in income

Silvertown Tunnel

Delayed for five months. TfL says the delay is not a financial decision, but due to complications with surveys and a problem with the consent to development order

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