Cycling budget (2)

Meeting: 
MQT on 2018-12-20
Session date: 
December 20, 2018
Reference: 
2018/5189
Question By: 
Caroline Russell
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

In answer to my question 2018/0092 you said that £111 million was allocated for cycling in 2018-19. How much have you spent and how much do you expect to spend before the end of 2018-19?

Answer

Cycling budget (2)

Cycling budget (2)

Answered By: 
The Mayor

From 1 April 2018 up until the middle of November 2018, Transport for London (TfL) had spent £49m on cycling, with a current full year forecast outturn of £86m. The key variances are on Cycle Superhighways, with slippages compared to the budgeted programme, for example on CS11 following the judicial review. Furthermore, TfL is expecting to find savings on investment in and the net operating costs of Santander Cycles.

The expected underspend on cycling is not lost, and has been carried forward to future years in the draft 2018 Business Plan.