Given the inevitable variations in demand for different transport projects in the light of Covid-19 and the changes to people’s working patterns, have you instructed TfL to re-calculate the business cases for all ongoing and potential projects?
Transport for London’s (TfL’s) capital expenditure is being re-prioritised to projects which are sufficiently robust to a range of future demand scenarios. These scenarios take account of the pandemic, its economic consequences and possible changes in travel behaviour. These are described in the Travel in London report (see page 75 of http://content.tfl.gov.uk/board-20201209-agenda-papers-public-amended.pdf ). TfL is also using these to re-examine project benefits as each approaches its next point of assessment when business cases are refreshed. This will enable TfL to ensure that the options and projects taken forward provide the best value for money and meet the future travel needs in London.