Mayor answers to London

Project Costs

Question number2729/2009
Meeting date14/10/2009

Question by Valerie Shawcross

Please publish the known costs/anticipated costs & projected financial impacts for the following projects and TfL actions for the each financial year 2008-2012. If you have incomplete information please publish what information you do have available.

· Removal of the Western Extension of the Congestion Charge Zone?

· The planning and implementation and net running costs of the Velib scheme?

· The planning and installation of the Cycling Superhighways?

· The programme to remove the Bendy buses from service?

· The programme to design, develop and build a new Routemaster?

Answer by Boris Johnson (1st Term)

Removal of WEZ

Initial costs including legal costs, public information, and physical works to remove the scheme – amount to around £5m. Ongoing reductions in net income amount to some £70m per year from a projected average net income of £145-175m per year.

Cycle hire

The projected cost to TfL of implementing and operating the cycle hire scheme for the financial years 2008/9 to 2012/13 is as follows:

2008/9 £0.9M

2009/10 £48.6M

2010/11 £46.6M

2011/12 £10.1M

2012/13 £8.1M

Total £114.3M

Cycle Superhighways (anticipated costs £M’s):

2008-09 2009-10 2010-11 2011-12

7.7 30.5 16.6 32.7

Phasing out articulated buses

The anticipated cost of removing articulated buses is as follows:

Financial Year 2009/10 2010/11 2011/12 2012/13 2013/14

Conversion (£m) 1.5 3.0 8.1 13.6 12.1

Additional Revenue -0.3 -0.8 -2.9 -4.7 -4.7

Total 1.2 2.2 5.2 8.9 7.4

New bus for London

The TfL Business Plan anticipates £1.0m being spent in 2009/10, £1.1m being spent in 2010/11 and £1.2m in 2011/12 for designing and prototyping the New Bus for London. The actual build costs are not known at this time and will be the subject of negotiations. As the manufacturer’s development costs would normally be amortised over the production life of the bus, TfL envisages the cost being in line with other buses purchased as part of normal fleet replacement.

Main question

Valerie Shawcross