Transport for LondonCapital expenditure
Skip to navigationCapital expenditure during 2005/06 amounted to £1,785m, an increase of 54 per cent over the previous year. Over 71 per cent of TfL's capital expenditure during 2005/06 related to capital works being undertaken on LU's infrastructure.
Capital expenditure by mode (£m)
In turn, the expenditure of £1,268m included some£888m of capital works undertaken by the infracos through PPP contracts. Capital works undertaken by the infracos included the refurbishment of 12stations; the enhanced refurbishment of nine stations; the modernisation of five stations; the renewal of 30km of track; and the refurbishment or replacement of 20 escalators and two lifts.
LU successfully introduced seven-car trains into passenger service on the Jubilee line ahead of schedule on 29 December 2005. This increased capacity by nearly a fifth across the whole line. Additionally, the modernised Wembley Park station came into operation on 31 December 2005 and was formally opened on 27 March 2006.
The refurbishment of D stock trains on the District line also continued.
Other works undertaken by LU during the year included station planning works, including station upgrades, congestion relief works and accessibility improvements.
Capital expenditure was incurred on the installation of communications equipment to bring forward the benefits of the Connect PFI, providing a state-of-the-art, fully integrated radio system that will allow effective and flexible communication across all 12,000 operational staff, and will improve information to the three million customers who use the system each day. In addition, extensive works continued at King's Cross in preparation for the Channel Tunnel Rail Link (CTRL). The new Western Ticket Hall opened in May 2006.
In Surface Transport, £290m was spent on capital works, including a significantly increased renewal works programme on the TLRN; developing bus priority systems; Congestion Charging, including the Western Extension Zone; work on introducing the iBus radio and information system; improving the Blackwall Tunnel southbound; the Coulsdon Relief Road Project; implementing walking and cycling initiatives; and improvements to road safety.
The capital expenditure of £186m for the DLR includes £147m in respect of the London City Airport extension, provided under a PFI, which opened at the end of 2005. Preliminary work on the Stratford International DLR extension started, along with design for capacity enhancements on the DLR by increasing two-car trains to three-car trains on additional lines. Good progress was achieved on the East London Line extension.
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