4.7 In November 2023, the previous Government announced that, subject to business case approval, it would provide us with £23m capital funding from the BIL Fund to design and implement a bus transit between Thamesmead, Woolwich and Abbey Wood. A condition of this funding was that it had to be spent by the end of financial year 2025/26. The Ministry of Housing, Communities and Local Government has now agreed a programme extension to 2029.
4.8 The feasibility costs associated with the development of the Bus Transit scheme have been included in the draft TfL Budget for 2025/26. These costs do not require Programme and Project Authority. The capital costs associated with the scheme have not been included in the draft TfL 2025/26 Budget on the basis that funding from HE has not yet been confirmed and inclusion of this spend in the Budget could lead to TfL incurring significant cost at risk, i.e. before funding is confirmed.
4.9 Once funding from HE has been confirmed then we will seek Programme and Project Authority and Financial Authority at officer level, in accordance with Standing Orders. Procurement Authority will also be sought through separate requests at the time and in line with TfL Standing Orders.
4.10 During 2024, we have worked closely with HE to prepare the business case, which was submitted to the London BIL Board at the end of February 2025. In due course, TfL will work with HE to agree a funding agreement. We are currently spending on feasibility works at risk until this funding agreement is confirmed, because the feasibility work is required to determine the delivery costs for HE to incorporate into their business case and funding offer.
4.11 Feasibility design progressed last year, but delays were encountered due to the cyber security incident in September 2024. Access to key systems such as Computer Aided Design was limited, which put additional pressure on an already challenging programme, and is now due to complete in early 2025. The deadline extension is allowing more time to revisit the scope of the scheme and to deliver a more ambitious proposition.
4.12 Separate to the infrastructure improvements funded through the BIL Fund, we are proposing to introduce a Superloop service in Thamesmead, supporting the housing growth and regeneration aims in the area. A public consultation will be launched in March 2025 on the proposed service. A further public consultation is planned for autumn 2025 on the bus transit related infrastructure needed for the scheme.