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Post by PGAT on Oct 30, 2024 16:48:03 GMT
Any updates from the budget today in regards to TFL funding for new projects? Not that I am aware of |
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Post by TB123 on Oct 30, 2024 16:51:50 GMT
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Post by yunus on Oct 30, 2024 17:02:01 GMT
Thank you so much for sharing. I will definitely read the link later on. Amazing that the Mayor was asking for £250 but much higher has been funded. |
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Post by SILENCED on Oct 30, 2024 17:07:48 GMT
Thank you so much for sharing. I will definitely read the link later on. Amazing that the Mayor was asking for £250 but much higher has been funded. Believe the figure quoted is just for capital projects ... so looks like no Bakerloo line extension. Bus electrification will come under revenue budgets, as is paid to contractors as contractual payments. Not had chance to digest everything yet, but think the £465m and £250m are completely separate figures ... have to read exactly what Sadiqs £250m is for |
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Post by TB123 on Oct 30, 2024 17:08:57 GMT
Thank you so much for sharing. I will definitely read the link later on. Amazing that the Mayor was asking for £250 but much higher has been funded. This does include the previously announced order for 10x new Elizabeth Line trains, which was presumably unfunded until now so presumably is covered within this budget. |
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Post by TB123 on Oct 30, 2024 17:09:59 GMT
Thank you so much for sharing. I will definitely read the link later on. Amazing that the Mayor was asking for £250 but much higher has been funded. Believe the figure quoted is just for capital projects ... so looks like no Bakerloo line extension. Or new rolling stock for the existing line. Or DLR to Thamesmead either - although I must say, that project needs a rethink imo what with the doubling of the Barking Riverside development. I reckon the new tram fleet will squeak through within this envelope. |
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Post by yunus on Oct 30, 2024 17:10:18 GMT
Thank you so much for sharing. I will definitely read the link later on. Amazing that the Mayor was asking for £250 but much higher has been funded. This does include the previously announced order for 10x new Elizabeth Line trains, which was presumably unfunded until now so presumably is covered within this budget. Is buses included within the budget funding? (Sorry I do not have too much knowledge on how it works). |
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Post by SILENCED on Oct 30, 2024 17:14:09 GMT
Believe the figure quoted is just for capital projects ... so looks like no Bakerloo line extension. Or new rolling stock for the existing line. Or DLR to Thamesmead either - although I must say, that project needs a rethink imo what with the doubling of the Barking Riverside development. I reckon the new tram fleet will squeak through within this envelope. Think that is a fair assesment, and personally hope the last statement is true, even if just for the 24 trams, which I would be more than happy with. Has Piccadilly Line resignalling previously been funded, or is that outstanding? |
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Post by TB123 on Oct 30, 2024 17:19:22 GMT
This does include the previously announced order for 10x new Elizabeth Line trains, which was presumably unfunded until now so presumably is covered within this budget. Is buses included within the budget funding? (Sorry I do not have too much knowledge on how it works). This is capital funding and most of the money for buses is revenue. Capital funding would be for example, bus lanes, bus stations, bus stop accessibility improvements etc Revenue funding would be for example, extra services and more EV buses - bizarrely on the latter as of course in most structures new EV fleets would be a capital investment but they are operator funded here through contract prices. |
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Post by southlondonbus on Oct 30, 2024 17:50:44 GMT
Or new rolling stock for the existing line. Or DLR to Thamesmead either - although I must say, that project needs a rethink imo what with the doubling of the Barking Riverside development. I reckon the new tram fleet will squeak through within this envelope. Think that is a fair assesment, and personally hope the last statement is true, even if just for the 24 trams, which I would be more than happy with. Has Piccadilly Line resignalling previously been funded, or is that outstanding? I think it wasn't. The trains were but the signalling upgrade that would allow more trains per hour hadn't been. |
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Post by evergreenadam on Oct 30, 2024 18:45:10 GMT
Think that is a fair assesment, and personally hope the last statement is true, even if just for the 24 trams, which I would be more than happy with. Has Piccadilly Line resignalling previously been funded, or is that outstanding? I think it wasn't. The trains were but the signalling upgrade that would allow more trains per hour hadn't been. Although I think the introduction of the new trains is planned to be accompanied by a modest increase in frequency (poss 27tph) regardless of the funding for the resignalling. |
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Post by snowman on Oct 31, 2024 8:02:53 GMT
Thank you so much for sharing. I will definitely read the link later on. Amazing that the Mayor was asking for £250 but much higher has been funded. Believe the figure quoted is just for capital projects ... so looks like no Bakerloo line extension. Bus electrification will come under revenue budgets, as is paid to contractors as contractual payments. Not had chance to digest everything yet, but think the £465m and £250m are completely separate figures ... have to read exactly what Sadiqs £250m is for There is a schedule 6 referenced (but not published) which explains the breakdown of £485m But as I read it £485m is total of what TfL are getting for year April 2025 to March 2026, some of which is towards the extra 10 Elizabeth line trains (I am guessing any stage payments towards construction due in that period). Taking out capital commitments, doesn't appear the mayor is getting £250m. Reading this together with notes of previous settlements suggests Government is expecting TfL to fund its running costs from revenue, and will only be giving funding grants for capital works (not routine replacement or operating costs). Reading TfL Board minutes implies the £250m had been sort of continuing post pandemic emergency bailout whilst things settled down, clearly this is not continuing into 2025-2026 and TfL must set its budget accordingly going forward. |
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Post by evergreenadam on Oct 31, 2024 8:23:56 GMT
Believe the figure quoted is just for capital projects ... so looks like no Bakerloo line extension. Bus electrification will come under revenue budgets, as is paid to contractors as contractual payments. Not had chance to digest everything yet, but think the £465m and £250m are completely separate figures ... have to read exactly what Sadiqs £250m is for There is a schedule 6 referenced (but not published) which explains the breakdown of £485m But as I read it £485m is total of what TfL are getting for year April 2025 to March 2026, some of which is towards the extra 10 Elizabeth line trains (I am guessing any stage payments towards construction due in that period). Taking out capital commitments, doesn't appear the mayor is getting £250m. Reading this together with notes of previous settlements suggests Government is expecting TfL to fund its running costs from revenue, and will only be giving funding grants for capital works (not routine replacement or operating costs). Reading TfL Board minutes implies the £250m had been sort of continuing post pandemic emergency bailout whilst things settled down, clearly this is not continuing into 2025-2026 and TfL must set its budget accordingly going forward. Ouch. Which is perhaps why we haven’t heard very much detail yet. |
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Post by SILENCED on Oct 31, 2024 9:30:28 GMT
Believe the figure quoted is just for capital projects ... so looks like no Bakerloo line extension. Bus electrification will come under revenue budgets, as is paid to contractors as contractual payments. Not had chance to digest everything yet, but think the £465m and £250m are completely separate figures ... have to read exactly what Sadiqs £250m is for There is a schedule 6 referenced (but not published) which explains the breakdown of £485m But as I read it £485m is total of what TfL are getting for year April 2025 to March 2026, some of which is towards the extra 10 Elizabeth line trains (I am guessing any stage payments towards construction due in that period). Taking out capital commitments, doesn't appear the mayor is getting £250m. Reading this together with notes of previous settlements suggests Government is expecting TfL to fund its running costs from revenue, and will only be giving funding grants for capital works (not routine replacement or operating costs). Reading TfL Board minutes implies the £250m had been sort of continuing post pandemic emergency bailout whilst things settled down, clearly this is not continuing into 2025-2026 and TfL must set its budget accordingly going forward. Thanks, I was struggling trying to correlate the figures. On your assumptions, it will be interesting to hear if Sadiq whines about this settlement, especially as it would appear worse than what he got from the Conservatives. If not, will we see a new side to his term of Mayor becoming more proactive, as whining is the overriding trait of his period of office so far. |
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Post by Eastlondoner62 on Oct 31, 2024 9:31:52 GMT
There is a schedule 6 referenced (but not published) which explains the breakdown of £485m But as I read it £485m is total of what TfL are getting for year April 2025 to March 2026, some of which is towards the extra 10 Elizabeth line trains (I am guessing any stage payments towards construction due in that period). Taking out capital commitments, doesn't appear the mayor is getting £250m. Reading this together with notes of previous settlements suggests Government is expecting TfL to fund its running costs from revenue, and will only be giving funding grants for capital works (not routine replacement or operating costs). Reading TfL Board minutes implies the £250m had been sort of continuing post pandemic emergency bailout whilst things settled down, clearly this is not continuing into 2025-2026 and TfL must set its budget accordingly going forward. Thanks, I was struggling trying to correlate the figures. On your assumptions, it will be interesting to hear if Sadiq whines about this settlement, especially as it would appear worse than what he got from the Conservatives. If not, will we see a new side to his term of Mayor becoming more proactive, as whining is the overriding trait of his period of office so far. He seems to be quite happy. www.standard.co.uk/news/politics/sadiq-khan-rachel-reeves-budget-bakerloo-line-trains-affordable-housing-b1191136.html |
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