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Wednesday, 16 March 2016

TFL releases their 2016/17 budget and business plan



TFL has just set out their new budget and business plan to improve London Transport services over the coming years.


Transport for London's (TfL's) proposed Budget 2016/17 and Business Plan has been published, setting out a wide range of further improvements to the transport network in the coming years.

The document shows how investment in the public transport network will continue to deliver significant improvements for customers.


These include:
·         The continuing construction of Crossrail, which will revolutionise travel across London when it opens as the Elizabeth line in 2018.
·         The huge transformation of London Underground currently underway, with major stations being rebuilt, the Northern and Metropolitan lines being extended, and the Metropolitan, District, Circle and Hammersmith & City lines being modernised with a new signalling system to run more services.
·         Preparations for the introduction of 24 hour weekend 'Night Tube' services on key lines.
·         Doubling the station accessibility fund from £75 million to £150 million, making more stations step-free and ensuring the Mayor's target of 50 per cent of rail and Tube stations being made step-free by 2018 is on-track.
·         Electrification of the Gospel Oak to Barking London Overground line and work to extend London Overground to Barking riverside, alongside station improvements at stations taken over from West Anglia last year.

In addition, TfL is progressing the priorities set out in the GLA Budget published in February 2016.

These include:
·         Doubling TfL's Growth Fund from £300 million to £600 million to help unlock further growth and regeneration across London.
·         £250 million towards two new Overground stations at Old Oak Common providing connections to the planned Old Oak Common HS2, Crossrail and national rail stations and regeneration to the local area.
·         £100 million towards a potential extension of the tram network to Sutton if the remaining funding shortfall can be addressed by reducing the scheme's cost or increasing the local contribution from development.
·         Establishing a £20 million road safety technology fund to develop new road safety and autonomous vehicle technologies in London and help meet the target of reducing the most serious road casualties by 50 per cent.
·         Further major improvements are also planned on the Capital's roads as part of a £4 billion Road Modernisation Plan. This is seeing major roads and junctions transformed and made safer, with assets renewed and new safety and 'congestion-busting' technology introduced. The road network is being made safer for all road users, with new bus safety programmes and nearly £1 billion of planned investment in making cycling safer.

This range of roads improvements includes:
·         The completion of eight Cycle Superhighway Routes by summer 2016, comprising more than 60km of new cycling infrastructure.
·         The completion of improvement work at Elephant & Castle, including a newly created peninsular public space.
·         The introduction of vital safety improvements at Bow Interchange.
·         Work scheduled to begin on a further five Quietway cycle routes, in addition to the two currently under construction.
·         The completion of further 'mini-Holland' cycling infrastructure projects in Waltham Forest, Enfield Town and Kingston upon Thames.
·         A range of measures to improve air quality, including the creation of an Ultra Low Emission Zone are being progressed. The National Infrastructure Commission has now also given its full support to Crossrail 2, showing that it is absolutely vital to meeting the needs of London's population, which is expected to grow from 8.6 million today to 10 million in 2030. We are also working with the Government on transferring all inner London rail services to TfL, opening up huge opportunities to improve services on those routes.

TfL is also planning the modernisation of the deep-level Tube lines, with a 'New Tube for London' set to bring air-conditioned journeys to the Piccadilly, Bakerloo, central and Waterloo & City lines. The extension of the Bakerloo line would help meet the anticipated growth in south London, and the building of new river crossings and the creation of new road tunnels will help reduce congestion and support thousands of new homes and jobs.

TfL's draft Budget 2016/17 and Business Plan will be considered by the TfL Board on 17 March.

Let’s take a quick look at the document which you can view here as this document contains interesting information on the investments for London Transport.

The first pie chart shows the source of income for TFL.


Second pie chart shows that the majority of the income is spent on running the service.


Little bit of history here, back in November 1996, London Transport stated in their press release that their fares were relatively high because they don’t receive an operating subsidy. I do believe it’s the popularity of the One Day Travelcard which enables people to travel more efficiently.

The document also gives a brief mention about the New Routemaster project.
New Routemaster buses

More than 600 of the new buses are in service and we are on track to reach 1,000 by 2017. The newest models are also fitted with the latest Euro VI engine, which results in fewer oxides of nitrogen (NOx) and particulate matter emissions.

The New Routemasters can operate in electric only mode when the battery is fully charged, particularly at low speeds when caught in traffic. This helps reduce emissions in more congested parts of the Capital.

We are committed to working with the bus manufacturers to ensure that even more environmentally friendly vehicle technology is made available for London in the near future.

Interesting stuff! Still no update though on the Short New Routemaster but hopefully we will see more buses in the near future which feature designs based on the New Routemaster, such as the Enviro400H City.

Also I'd like to apologise for the previous article as I was bit vague on the New Routemaster recalls and not all 468 New Routemasters can be recalled because thankfully Wrightbus have their own repair and refurbishment centre in Orpington. In reality though, I believe the NRM’s will be repaired at their bus garages without any disruption.

I'm looking forward to seeing the future of London Transport. Once 1,000 of the New Routemasters are rolled out, hopefully we will see an increase of zero emission buses to help combat pollution and Climate Change. The investments in the document are very interesting to read.

As always, you can follow me on Twitter, Tumblr, Pinterest and Google Plus which is @CLondoner92

2 comments:

  1. A version of a shorter NRM was in London at the LT Museum yesterday. Named the SRM. No news yet on the 3 door ST. Here is one article about it. 6 are due to enter service on route 13 http://www.transportengineer.org.uk/transport-engineer-news/wrightbus-and-volvo-launch-srm-hybrid-bus/116868/

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    Replies
    1. Thanks for the heads up, I will be writing up about it soon.

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