Report of the Executive Director of Secretariat
Contact: Will King; [email protected]; 020 7983 5596
The Committee is recommended to note the report, put questions to invited guests on the 2019-20 GLA Group Budget and note the discussion.
5.1 The Committee received the report of the Executive Director of Secretariat as background to putting questions on the draft 2019/20 budget for Transport for London (TfL) to the following invited guests:
· Mike Brown MVO, Commissioner, TfL;
· Heidi Alexander, Deputy Mayor for Transport;
· Simon Kilonback, Chief Financial Officer, TfL;
· Sarah Bradley, Head of Group Financial Accounting, TfL; and
· David Gallie, Assistant Director – Group Finance; GLA.
5.2 A transcript of the discussion is attached as Appendix 1.
5.3 During the course of the discussion, the Committee requested the following additional information:
· Confirmation of the expected completion date of the Canary Wharf to Rotherhithe Bridge;
· Funding available for Healthy Streets beyond the five years of the current business plan;
· Where possible, a breakdown of Healthy Streets funding by cycling, walking and buses;
· A methodology summary for Healthy Streets funding that’s takes account of matters beyond the benefit-cost ratio process;
· Details of movements in capital renewals spend, including reclassification of emissions equipment spend, any reallocation and practical delivery issues;
· Explanation of TfL’s definitions of “safe” and “good repair” and how this informs TfL’s approach to street maintenance;
· Details of capital programme expenditure project by project and how they have been classified into the categories of critical, central, desirable and deprioritised;
· In relation to the ‘desirable’ category, further details of how these projects are expected to be funded;
· The revenue implications of the Bank Station closure currently scheduled for the summer of 2021;
· An estimate of the revenue lost as a result of the delays to the Northern Line Extension;
· An estimate of the fare revenue from running Boxing Day Services on the Overground;
· The amount expected to be raised by the £20 per annum charge for the photocard that enables people to travel for free.
That the report and discussion be noted.