2015 Report details for project: Thameslink Programme

Project name Thameslink Programme - there are 9 reports for this project: 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021
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Organisation DFT (D9) - see all reports for this organisation
Report year 2015 (data is from September 2014)
Category Infrastructure - see all reports for this category
Description: The £6.5bn Thameslink programme will deliver faster and more reliable journeys for people and businesses and improve accessibility to, from and through the heart of London. The Thameslink Programme is comprised of three main elements: enhancements to Network Rail’s infrastructure; procurement of new depots and 115 Class 700 trains; and the setting up of franchise arrangements for running the passenger service on a new combined Franchise network.
DCA (RAG) Amber
DCA text: The Department monitors the progress of delivery and budget on all elements of the Thameslink programme on a regular basis through various regular meetings with key delivery partners. Delivery of rolling stock is proceeding ahead of schedule with first train due to enter passenger service early in 2016. Three Bridges depot is on schedule to open in the summer. The Thameslink Southern Great Northern (TSGN) franchisee (GTR) is now in place and the franchise commenced in September 2014. Major infrastructure works at London Bridge were completed by NR on January 4th and the new South-eastern timetable started on 12 January 2015. Issues regarding train service reliability from London Bridge (Southern services) as a result of the infrastructure changes are being actively managed by industry working closely with the Department with a new passenger services timetable introduced in May 2015 on Southern and Thameslink routes.
Start date 2005-07-01
End date 2018-12-31
Schedule text The Thameslink programme is on schedule for completion in late 2018. All the key elements are progressing to time.
Baseline £40.70m
Forecast £36.64m
Variance -10.00%
Variance text: The reduction in expenditure is as a result of an agreed re-phasing of work by Network Rail on the Hornsey depot. The 40.7m number above is the Departmental spend as part of the suite of agreements for depot funding. Other rolling stock and depot costs, franchise costs and Network Rail costs are not included.
Whole Life Cost £4,897.82m
WLCost text: The whole life cost represents spend during the construction period. Previous reports included lease payments for rolling stock which have now been excluded as the project is expected to be cash positive during its operational period.
Notes1: Thameslink
Sourcefile IPA_2015.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.