2016 Report details for project: Crossrail Programme

Project name: Crossrail Programme - there are 7 reports for this project: 2013, 2014, 2015, 2016, 2017, 2018, 2019
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Organisation: DFT (D9) - see all reports for this organisation
Report year: 2016 (data is from Sept 2015)
Category: Infrastructure - see all reports for this category
Description: A new high-frequency rail service which will increase rail-based capacity in London by 10% and cut journey times across London and the South East.
DCA (RAG): Amber/Green
DCA text: The project is forecast to be completed within budget. The Department, as well as Transport for London, will continue to monitor costs and schedule (with the assurance of the Project Representative), to ensure that the project is delivered on time and within budget.
Start date: 2008-07-22
End date: 2019-12-31
Schedule text: Crossrail Ltd report that the overall schedule and completion dates will be maintained. The Project Representative, who reports directly to the Department and Transport for London, provides ongoing assurance on the project schedule and will flag any potential deviation on the schedule to both Sponsors where corrective action can be taken.
Baseline: £1,794.50m
Forecast: £2,068.90m
Variance: 0.15%
Variance text: The variance in the 2015/16 Crossrail budget is due to the funding arrangements for the project. The budget describes the schedule for Sponsors funding Crossrail Limited. The forecast describes the profile for Crossrail Limited then spending those funds. A re-baselining of the programme schedule in 2010 meant that costs have been incurred in different years than originally anticipated. Despite this the Crossrail project is still forecast to come within the total available budget.
Whole Life Cost: £14,768.87m
WLCost text: This constitutes the funding envelope for the project as a whole. There are a series of intervention points set out in the governance documents which are designed to mitigate against the risk of exceeding the total funding available. The aim of both Sponsors (DfT and TfL) is for final outturn costs to remain well within the total funding envelope.
Sourcefile: IPA_2016.csv

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