2021 Report details for project: River Thames Scheme

Project name River Thames Scheme - there is only one report for this project
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Organisation DEFRA (D7 ) - see all reports for this organisation
Report year 2021 (data is from March 2021)
Category Infrastructure - see all reports for this category
Description: The River Thames Scheme has 5 main objectives. In preparation for the next phase of work we will be refining these objectives with our main partner to make them more specific. The scheme will reduce flood risk to people and property as much as can be economically justified within the constraints of affordability; Increase flood resilience and conditions that stimulate economic growth; Protect and enhance the natural environment and landscape: Enhance recreational opportunities, and; Maximise partnership funding contributions and demonstrate value for money
DCA (RAG) Amber/Green
DCA text: The Infrastructure Project Authority's Delivery Confidence Assessment rating is Amber/Green.This is primarily due to the following factors: The scheme is fully funded and the Environment Agency will be delivering the project in partnership with Surrey County Council. A very thorough understanding of project risk is being actively managed.
Start date 2017-04-12
End date 2029-04-12
Schedule text The project end-date is 12 April 2029. This is primarily due to the following factors: The project is within delivery timescales and objectives forecast.
Baseline £4.51m
Forecast £4.55m
Variance 1.00%
Variance text: The budget variance is less than or equal to 5%.
Whole Life Cost £308.48m
WLCost text: The projects Baseline Whole Life Cost is £308.48m. This is primarily due to the following factors: The whole life cost provides for the cost to design, build and maintain the scheme (including estimates for inflation, risk and optimism bias) to ensure the calculated benefits are delivered.
Notes1:
Notes2:
Sourcefile IPA_2021.csv

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