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Reference:
2017/0626
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Question by:
Florence Eshalomi MP
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Meeting date:
20 February 2017
The March 2016 TfL Business Plan says, "This plan assumes capital renewals remain at an equilibrium rate of some £1bn a year, and that new capital enhancements are some £1.2bn a year". The December 2016 TfL Business Plan says, "The summary operating account on page 26 shows an average level of capital renewals (the capital investment required to maintain the network) of some £750m a year. The capital account shows that, on average, we must invest £1.4bn annually in capacity, reliability and accessibility improvements across the network". Can you explain why capital renewals have changed from £1Bn to £750m and...