The Secretary of State for Transport on 25 June 2015 announced that Sir Peter Hendy CBE, Commissioner of TfL, has accepted the appointment of Chair of Network Rail with effect from 16 July 2015. This remains subject to review and validation by TfL and the Department for Transport ("DfT") as sponsors of the Crossrail project. S&P put the ratings on CreditWatch negative on 5 September 2018, shortly after the announcement of the delay in opening of the Elizabeth Line. TfL announces that following the 2015 Comprehensive Spending Review, TfL has now received a revised funding agreement from the Secretary of State for Transport. TfL publishes Final Terms for issue of £400m 2.125% Notes due April 2025. This is higher than the ridership assumptions in TfL's revised budget, published in July 2020, which forecast the funding shortfall of approximately £2bn for the second half of 2020/21. Read our latest Budget and Business Plan. TFL FUNDED ANNUAL INTEGRATED TRANSPORT INVESTMENT PROGRAMME 2015/16 Report of the Cabinet Member for Environment, Transport and Resident ’s Services - Councillor Wesley Harcourt Ope n Report Classification : For Decision Key Decision: Yes Wards Affected: All Accountable Executive Director: Nigel Pallace – Bi-borough Executive Director of Transport and Technical Services Report … This assessment has been based on Government scenarios for the impact of the virus on households over a number of weeks. Transport for London ("TfL") announces that on 21 October 2020, Moody's Public Sector Europe ("Moody's") downgraded the long-term ratings for TfL to A1 from Aa3 and changed the outlook to negative. TfL is also planning what it needs to do to recover once the pandemic has subsided. Since then, a growing number of firms and individuals have changed their travel behaviour, with greater numbers of people working from home. This paper provides the third document, the IIPAG Annual Report for 201 5/16, which reports on TfL’s delivery of its Investment Programme for the period from April 2015 to March 2016. PDF 6.31MB Financial year 2014/15. The report identifies proposals for the 2015/16 Local Implementation Plan Annual Spending Submission to Transport for London that endeavour to remain close to the Delivery Plan proposals previously identified to TfL while taking into account new information and making provision for a changed approach to 20mph proposals. Financial year 2015/16. TfL announces that it has received a revised funding agreement from the Secretary of State for Transport. These current revenue impact assumptions will be fully addressed in TfL's 2019 update to its Business Plan, which is due to be published in December. The action followed a referendum vote in favour of the UK leaving the European Union and the change in the outlook on the UK's Aa1 government bond rating to negative from stable on 24 June 2016. The funding agreement may be found on TfL's website on the Funding letters page. On 15 May 2020 TfL announced that following a substantial reduction in passenger revenues, a funding and financing support package had been agreed between TfL and the Department for Transport ("DfT"). In conjunction with the refinement of the remaining work schedule, the extent of any cost increases is being ascertained alongside potential mitigations, before being validated and confirmed in due course. The interim financing of £350 million announced in October 2018 by Her Majesty's Government is superseded by this funding and financing package. PDF 4.68MB Item 6 - TfL Statement of Accounts for the Year Ended 31 March 2016. In the week commencing 2 March 2020 further reductions in ridership became apparent, coinciding with growing public awareness of the Covid-19 virus, starting with modest reductions in ridership of around two per cent compared to the same period in the previous year. On 8 November 2019, TfL announced that CRL's latest assessment was that the opening of the central section will not occur in 2020, but that the Elizabeth line will open as soon as practically possible in 2021. There were 26.1 million daily trips in, to, and from, Greater London, an increase of 1.2% over the previous year. PDF 1.39MB Q2. Prospectus Supplement should be read and construed in conjunction with the base prospectus dated 12 July 2019 (together with the Supplement, the "Base Prospectus"). TfL 2015-16 Quarter 4 Performance Report www.londontravelwatch.org.uk 7 1 Travel in London TfL’s annual ‘Travel in London’ report records the way Londoners travelled in 2014. In addition, as a result of the delay in the opening of the Elizabeth line services, TfL is likely to see a reduction in its estimated passenger revenues. PDF 16.49MB Operational & financial performance: Final results. Crossrail Limited ("CRL") has been working on a recovery plan to address the challenges caused by Covid-19 and drive the project to its completion. Quarterly progress reports. TfL's current cash balance of over £2bn is well above the required minimum and allows the initial impact of Covid-19 to be managed. Transport for London ("TfL") announces that on 2 June 2020, Moody's Investor Services ("Moody's") has placed its Aa3 long-term ratings on review for downgrade. These reviews are being carried out by KPMG and once this work is finalised a full financing agreement will be developed by the Government and Mayor of London. TfL Gender Pay Gap Report 2019 summary. 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