This report outlines Transport for London’s (TfL’s) funding settlement to the Council for Local Implementation Plan (LIP) funding in 2018/19. A description of TfL’s transport related programmes is given and how schemes were selected to be put forward for funding.
Nathan Vear, Interim Head of the Joint Environment Service, presented the report.
The Chair raised concerns about the reduced government funding payments being made to TfL for roads, and commented that the reduced funding would not help the economy or infrastructure across London.
Members sought clarification on how the TfL fund was allocated for the 2018/19 LIP allocation, which was itemised in paragraph 2.4 in the report, and whether it was split into different categories of projects the money must be spent on. Ian Price, Team Leader - Strategy & Commissioning, explained that that used to be the allocation system but that was now no longer the case.
Members commented that from the report they were unclear that the schedule of works in Appendix A would be able to go ahead if there was a shortfall for some of the projects. Ian Price, Team Leader for Strategy and Commissioning, Highways and Transport confirmed that the works could go ahead and that funding in line with the schemes listed at Appendix A had been approved by TfL, subject to the two scheme adjustments listed..
Members asked further whether money can be carried over year to year. The Team Leader for Strategy and Commissioning said that TfL have stipulated that the yearly funding has to be spent during that year.
Members asked for clarification on the financial implications in reports and what decisions they related to. Neilesh Kakad, Head of Financial Engagement and Advice, explained to the Committee that the financial implications quoted in reports only relate to the decisions in the report, and not previous expenditure by officers.