2016 Report details for project: InterCity Express Programme (IEP)

Project name: InterCity Express Programme (IEP) - 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: IEP will renew the UK's high speed train fleet on the Great Western and East Coast. Through franchise competitions, IEP is a key means to deliver the passenger benefits from the associated upgrades including more capacity, improved reliability, reduced journey times and better environmental performance. The order supports a new train factory at Newton Aycliffe which will create 730 new jobs with thousands more in the supply chain. IEP serves London to Bristol, Cardiff, Swansea, Cheltenham & Worcester, and London to Leeds, Edinburgh & Aberdeen offering through-trains from non-electrified lines without the need to change or attach a locomotive.
DCA (RAG): Amber
DCA text: The trains are expected to be on time and on budget with the first vehicles accepted into service from 2017. In the light of the delays to the Great Western Electrification Programme we are working with Agility and Hitachi on developing mitigations including re-phasing electrification and options that could see the 21 electric sets are delivered as bi-mode in 2018. This will be subject to confirmation of the Hendy Review and review of options to recommend a course of action to Secretary of State.
Start date: 2005-06-01
End date: 2020-02-06
Schedule text: In the context of delays to the electrification of the Great Western, the Department is looking at a range of technical and commercial options to ensure passenger benefits such as more capacity are delivered on time. It is anticipated that a recommendation and decision will be made by May 2016. Train delivery is on schedule - the first three pre-series trains are currently being tested in the UK. In the light of delays on Great Western electrification, alternative solutions for train testing at Old Dalby and on the East Coast are being considered. The manufacturing facility at Newton Aycliffe was opened by the Prime Minister and Chancellor on time in September 2015. The delivery of the main depots at Doncaster, North Pole (London) and Stoke Gifford (Bristol) is progressing as planned.
Baseline: £98.75m
Forecast: £98.00m
Variance: None%
Variance text: Budget variance less than 5%.
Whole Life Cost: £6,246.89m
WLCost text: The total costs of £5.7bn are financed via PFI payments over 27.5 years. DfT guarantees use of the trains in the Great Western and East Coast franchises. Network Rail funded in CP5 to deliver £480m of enabling works prior to entry into service. The combined cost is £6.2bn.
Notes1: Budget variance less than 5%.
Sourcefile: IPA_2016.csv

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