Cross London Rail Links Ltd. Crossrail the Challenge Keith Berryman 20 December 2005.

Slides:



Advertisements
Similar presentations
Public Private Partnerships and Development Razvojni program ujedinjenih nacija.
Advertisements

UK MARKET ACCESS PROGRAM Martin Williams, EBS ltd Bill Taylor, UWSP.
2009 Priorities & issues John Dickie Crossrail 2 Supporting London’s growth.
Energy Efficiency Strategy. THE ENERGY WHITE PAPER Energy White Paper sets out four key goals for energy policy to: Cut the UK’s carbon dioxide emission.
Base Birmingham Connected Transport Tom Magrath Director of Strategy and Policy Centro.
Mr Kleber Silva – Executive Vice President, Head of Iron Ore - ArcelorMittal group December ArcelorMittal in Algeria at a glance UK- Algeria Investment.
Can we fund Crossrail? Stephen Glaister Professor of Transport and Infrastructure Imperial College London
The wider economic benefits of transport Kurt Van Dender 9 March 2011 Infrastruktur som vækstdriver for Danmark.
1West of England Area Rail Studies - David Crockett 08/02/2012 West of England Area Rail Studies Outline Summary This presentation summarises the work.
Structure of Project in PPP- (2) John Plumb. Agenda Following on from the Strategy and business case to develop the ideas Structure of PPP arrangements.
The economic impacts of counterfeiting Presentation for BASCAP congress December 2009.
ACT CANADA 2014: Using Business Cases To Get Great Projects Financed and Delivered December 1, 2014| Michael Sutherland.
Imperial College London 1 Centre for Transport Studies LSE London Conference Transport Stephen Glaister Professor of Transport and Infrastructure Imperial.
Delivering Crossrail’s Ambitions Terry Morgan CBE FREng Chairman, Crossrail.
Update of Development Trends in Westminster 27 June 2005 CITY DEVELOPMENT OVERVIEW AND SCRUTINY COMMITTEE.
Crossrail – Jobs, Housing and Funding Bridget Rosewell: Consultant Chief Economist GLA Economics.
Transport and Regional Integration: European Experience Stephen Perkins 20 October 2011, Tokyo.
1Rail Group The Big Question Peter Wilkinson, Director, Rail Franchising.
CONSTRUCTION & THE FOOD INDUSTRY The Insurance Industry View Steve Exwood & Jon Miller.
Prof Andrew McNaughton HS2 Ltd Technical Director 1 Developing HS2.
Workspace Group PLC Interim Results For the six months to 30 September 2004.
High Speed Rail for Nottingham Nottingham City Council June /9/20151.
1 DOMESTIC INVESTOR ROADSHOW March 2010 National Treasury.
PPP in the UK Ian Rylatt, Chief Executive Officer, Balfour Beatty Investments.
 A high speed rail link from London to Yorkshire  Phase 1 is from London to Birmingham  Phase 2 is to Manchester and Leeds  The Institute of Economic.
The Great Transport Debate The Rail Network Michael Roberts Chief Executive, ATOC.
Rail and the West Midlands Economy EMTA Conference Birmingham, 11/11/11 Peter Sargant Head of Rail Development, Centro.
Jonathan Wheeler Team Manager Strategic Economic Infrastructure East Sussex Strategic Partnership Local Transport Plan Update 18 th October 2013.
PRASA GROUP FINANCIAL PERFORMANCE FOR THE YEAR ENDED 31 MARCH 2013.
Delivering Power & Water Efficiently
Vp plc Preliminary Results Year Ended 31 March 2005.
Crossrail 2 – A New Railway for London and the South East Public Consultation Philip Keen June 2013.
1 “Old fashioned” problem solving in a modern railway RSA- 08/01/14 Jo Kaye.
UK Infrastructure: An Update & Forward Look UK Infrastructure Conference – 2 nd December, 2013 UNCLASSIFIED Paul Skinner Chairman, Infrastructure UK.
GDP The forecast of development of the Russian oil-extracting industry GDP 1980 ©Institute of Economic Forecasting RAS Moscow 2008.
Assessing viability in plan making and HCA support on viability Growth Point Best Practice Network Michael Rich 11 th May, 2012.
An introduction to smart investment solutions: the case of PPP Twinning project Public Agency for Rail Transport of Republic Slovenia Daniel Loschacoff.
9th November 2010 ICEA 1 Jim Steer Director, Greengauge 21 Director, Steer Davies Gleave ICEA 9 th November 2010 The case for High Speed Two (and three.
December 2015 Heart of the South West - Devolution Deal.
Enterprise & Environment Directorate TRANSPORT FOR REGIONAL GROWTH 5 NOVEMBER 2015 Keith Winter, Executive Director, Enterprise and Environment, Fife Council.
Railway Infrastructure Financing and PPPs November 2015.
Crossrail 2 London Assembly Regeneration Committee.
Crossrail: Station Accessibility Matthew Lodge 10 July 2013.
MEDIUM TERM FINANCIAL PLAN ( ) Date : 8/10/2010 Decision No : 2010/28.
UK Government Plans for Infrastructure Geoffrey Spence CEO, Infrastructure UK.
Jacobs Aston Conference 2009 The vital role of local government and PPP capital programmes Chris Wilson Executive Director 4ps 30 th April 2009.
James M. Poling Brownfields Administrator Department of Natural Resources and Environmental Control Brownfields 2011 Sustainable Communities Start Here.
Land Transport Infrastructure Integration. TfL’s purpose Meet the rising expectations of our customers and users Plan ahead to meet the challenges of.
November 30 th London/Spain Webminar: Railway Infrastructure in the UK Spanish construction and railway industry 1 Jim Steer Director & Founder, Steer.
Andrew Pritchard Director of Policy & Infrastructure East Midlands Councils 24 TH FEBRUARY 2016.
HS2 in the East Midlands Stephen McFarlane HS2 Ltd Greater Nottingham Transport Partnership Forum 24th February 2016.
Presented by Marcus Spiller Director, SGS Economics & Planning Pty Ltd Victoria Budget A metro regional perspective.
Value Sharing in Queensland 21 March Page 2 Copyright © 2016 Ernst & Young Australia. All Rights Reserved. Liability limited by a scheme approved.
Invest in Renfrewshire Partnership Conference on Employment & Economic Development 16 June 2016 City Deal and our Role in the Regional Economy Mary Crearie.
Stage 2 Light Rail Transit Program “In the ground ready”
How can we encourage more private investment in Britain’s railways?
Gauteng Rapid Rail Network Extensions
West of England Joint Transport Study
Sir Terry Morgan CBE Chairman, Crossrail
the dti Implications of SONA on the dti
PRASA ANNUAL PERFORMANCE PLAN 2015/16 to 2017/18
Regional Forum for Kent and the South East
Infrastructure Investment Strategy
Delivering East West Rail
East Coast Route Study November 2016 update.
IMPACT OF THE SPENDING REVIEW ON HIGHWAY SERVICES
Workstream X – Project Description Scope.
Great Eastern Mainline
Delivering Successful Outcomes
Life Cycle Costing.
Presentation transcript:

Cross London Rail Links Ltd

Crossrail the Challenge Keith Berryman 20 December 2005

n Map1 The Scheme

Crossrail Capital Cost £ billion Point Estimate7.6* Estimate Including Contingency 10.1* Outturn Costs16.8 *Current Estimate in 1Q02 prices excluding rolling stock and LUL works at TCR station.

n Map1 Western Section Eastern Section Central Section South East Section Depot Geographic Breakdown

n Map Capital Cost by Section (£bn.)

Horizontal Cost Breakdown n ‘On Network’ works £1.8 bn (perhaps carried out by Network Rail) n Depot (perhaps part of Rolling Stock lease) £0.2 bn n Central area systems (perhaps leased) £0.8 bn n Central area civil infrastructure£4.8 bn NB: All capital cost point estimates excluding contingency in 1Q02 prices

Value of the Branches Central Infrastructure provides capability, branches create the demand/revenue. For instance: Central Section + Shenfield Branch + Depot Cost £5.6 bn (73% of the total scheme) Delivers about 50% of benefits A reduced scheme offers proportionately less benefit.

Operating Income Typical operating income (5 years after opening) n Annual Revenue* (gross)£485m n Abstraction*(from existing services)£259m n Annual Revenue*(net)£226m n Possible annual increase in tax revenue* £62m (1Q02 prices), For details refer to:

Abstraction (annual figures) n From National Rail£148m n From London Underground £96m n From others (DLR, buses etc.) £15m

Transport Economic Case £billion PV n Capital Cost10.6 n Maintenance Costs1.6 n Operating Costs1.7 n Less Transport Revenue-6.1 n Plus tax loss (switch to tax free public transport) 1.2 Total Cost to Government8.9 Transport Economic Benefits 16.1 Benefit Cost ratio1.8:1

But Significant Wider Economic Benefits Crossrail enables employment growth in London otherwise constrained by lack of transport capacity, with the approximate results: n 35,000 extra Central London Jobs n Increased output at £10bn PV GDP growth. n Increase productivity of all jobs £3bn PV GDP growth. n Increases government tax revenues.

Challenges n Olympics: Managing the relationship. n Cost and Risk: Reducing cost and improving confidence. n Interfaces: Managing the physical and contractual risk at the project boundaries. n Capacity: Planning for industry and market capacity. n Affordably: Developing a scheme that can be funded.

Current Activity n Hybrid Bill: Royal Assent early/mid n Traditional Transport Economic Case proven, wider benefits are gaining recognition. n Secretary of State has committed funding to the Development Phase. n Project focused on improving certainty of scope, programme and cost. n Working with our Sponsors to develop a robust and affordable funding strategy.

Cross London Rail Links Ltd END