2017 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: 2017 (data is from Sept 2016)
Category: Infrastructure - see all reports for this category
Description: A significantly enhanced high-frequency rail service which will increase rail-based capacity in London, provide new journey opportunities and reduce congestion on the Underground.
DCA (RAG): Amber/Green
DCA text: The project is forecast to be completed within the funding envelope . 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 the funding envelope
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: £770.49m
Forecast: £2,167.20m
Variance: 181.00%
Variance text: The budget sets out when the funding is provided by Sponsors to Crossrail Ltd. The forecast describes when this budget will be spent. A variance between the two is to be expected and does not indicate an over or underspend. The Crossrail project is forecast to be completed on time and within the funding envelope.
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_2017.csv

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