Cycling budget

Meeting: 
MQT on 2014-11-19
Session date: 
November 19, 2014
Reference: 
2014/4152
Question By: 
Caroline Pidgeon
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor
Category: 

Question

Of the £107m allocated to cycling over 2014/2015, how much has so far been spent by Transport for London (TfL)? Please also list the full year forecast.

Answer

Answer for Cycling budget

Answer for Cycling budget

Answered By: 
The Mayor

As you will be aware from discussions with TfL and my Cycling Commissioner at the recent Budget Policy Sub Committee meeting, the £107m allocation you mention included a £26m over programming budget for this financial year, which is standard practice across TfL's investment programmes. At Quarter 2, TfL adjusted its forecast to spend £82m in 2014/15, including a revised over programming budget of £12m.

A key reason for the reduction is due to successful cost savings made to Cycle Hire, including contractual charges, back office savings and efficiencies made during expansion and intensification. There has also been a re-phasing of expenditure on other programmes, including Cycle Superhighways, to ensure that sufficient time is spent designing and delivering the best possible schemes for cyclists.

By October in fiscal year 2014/15 TfL has spent £29m on cycling programmes. All savings will be reinvested in cycling improvements and retained within the 10 year cycling budget.