An output measure covering the quality of the environment for passengers, including the cleanliness and general condition of trains and stations, and the provision of passenger information. | |
means the PPP arbiter appointed by the Secretary of State under the GLA Act, appointed on 4 December 2002, for a four year term, as Mr Chris Bolt. He has an annual budget (currently £1.6 million) and two of his staff were closely involved in the negotiation of the PPPs. | |
A measure of passengers' total additional journey time resulting from disruption caused by incidents attributable to the Infraco. | |
means the 'Best and Final Offer' submissions, made in the competition between private sector bidders intended to set out final commercial terms in respect of the Invitation to Tender, and submitted on: - Infraco BCV and JNP on 20 November 2000 as subsequently revised - Infraco SSL on 5 February 2001 and resubmitted (in respect of capability data) on 9 July 2001. | |
Bakerloo, Central, Waterloo & City, and Victoria lines. | |
A performance measure of the infrastructure's ability to support train services. It is based on average journey time per passenger, for a given time of day, and for a given line or part of a line and includes Journey Time Capability, Service Consistency and Service Control | |
means the 'Committed Finance Offer' intended to set out final financed terms in respect of the Invitation to Tender, and submitted on: - Infracos BCV and JNP in November 2001 - Infraco SSL in February 2002 | |
means a letter of awareness issued by the Secretary of State to senior lenders to each of the three PPPs. The comfort letter sets out the amounts of debt and indicates that he would consider re-setting the transport grant in various circumstances where London Underground cannot meet its obligations. The comfort letter also recognises the possibility of the transport grant being insufficient to meet the potential sums due on termination and that he would not "stand by and do nothing in those circumstances". | |
means a notice in the form contained in the PPP Contracts specifying the nature of an Infraco's default and a reasonable period for completing corrective action. | |
means BCV and JNP lines which include bored tunnels that are too small to carry rolling stock used on the national railways. | |
means a full review of costs incurred and/or future cost forecasts that support the contention that an Infraco's costs, after exhausting their provisions for contingent sums and due to adverse conditions, have exceeded a threshold in the contract thereby permitting price revision. | |
in the context of this PPP means that for the first 7½ years there is a fixed schedule of payments, known as the baseline infrastructure service charge (see ISC below), and indexed to the retail price index. There are also fixed performance related provisions for applying additional payments or abatements to the baseline ISC. | |
means the Greater London Authority Act 1999. | |
means those assets where the condition has yet to be fully identified against specific engineering standards, and that will be classified during the first 7½ years. | |
The statutory body established by the Health and Safety at Work etc. Act 1974, which includes HM Railways Inspectorate and is responsible for accepting and enforcing London Underground's statutory railway safety case (the statement which sets out how it will handle safety). Her Majesty's Railway Inspectorate, as established by the Railways Regulation Act 1840 (repealed) was subsequently transferred to the Health and Safety Executive on 1 December 1990. | |
The three organisations (BCV, JNP and SSL) responsible for delivering infrastructure services to London Underground under the PPP contracts. | |
Railway, trains, stations and depots on London Underground's network (including track, signals, tunnels, bridges, embankments, platforms, escalators, lifts). Signals means the method of controlling trains over the Network by creating blocks of track to keep trains apart and control exit and entry to crossings and sidings. | |
The amount payable under the PPP contract by London Underground to the Infraco, as adjusted from time to time (as set out in the Service Contract or as agreed between the parties or determined by the Arbiter at Periodic Review), to cover the Infraco's costs of maintaining, renewing and upgrading the infrastructure, including overheads, profit and financing costs. | |
Work to maintain, renew and upgrade the infrastructure so as to deliver the outputs required under the PPP contract, to progressively reduce and eliminate the existing backlog in asset maintenance, and to deliver a continuous overall improvement in asset health, capability and reliability in service. | |
Jubilee, Northern and Piccadilly lines. | |
a nationalised industry previously responsible for London Underground and answerable to the Department for Transport. | |
London Underground Limited - previously a subsidiary of London Regional Transport - now responsible for operating passenger trains and stations and being responsible for safety. It awarded the PPP contracts to the private sector bidders and will be their public sector partner under those contracts. After PPP contracts were signed, it has remained in the public sector and has been transferred to Transport for London. | |
London Underground's 30 year plan for the major projects and other capital expenditure which they estimate will be required to meet the PPP performance specification. The private sector Infracos are not bound to adhere to this plan. | |
means: (i) Station accessibility projects and/or Station lengthening projects which will or are likely to require the acquisition of land or property and/or an order under the Transport and Works Act 1992 and are not combined with a congestion relief project; (ii) congestion relief projects (which may include inter alia, works to effect Station accessibility projects; (iii) Line extension projects; (iv) Station control room projects; (v) externally funded projects (other than infrastructure protection); (vi) interchange projects; and (vii) the provision of additional staff accommodation. | |
means the unincorporated joint venture comprising Atkins, Balfour Beatty, Bombardier Transportation, SEEBOARD and Thames Water. | |
randomly generates values for uncertain variables repetitively to analyze the effect of varying inputs on outputs of the modeled system. | |
Capability of the train service; availability and ambience of train services and station services; improvements in asset health. Collectively, the PPP Performance Specification refers to the levels of output which the Infraco is required to deliver under the PPP contract, covering "ambience, availability and capability" for train and station services. | |
the visible effect or practical result of an organisation's actions or expenditure, for example an improvement in service reliability and a better passenger experience. | |
means, in each case, the main project contract entered into or to be entered into by LUL and/or London Transport and the relevant private sector partner in respect of a PFI project. | |
means trains, carriages, cabs, coaches, locomotives, self-propelled mechanical plant and other vehicles which can operate alone or together on Track together with all powered and unpowered Track trolleys. | |
means the independent non-executive director appointed to the Board of each Infraco by London Underground pursuant to the terms of issue of the preference share of £1 in the capital of an Infraco (designated as a 'special' share). | |
A provision in the PPP contract which, every 7½ years, allows London Underground's payments to the Infracos to be reset to take account of changed circumstances and cost increases which an "economic and efficient" Infraco would incur. | |
One benchmark against which value for money is assessed. It is typically a cost estimate based on the assumption that assets are acquired through conventional funding and that the procurer retains significant managerial responsibility and exposure to risk. In this case, it is London Underground's estimate of the cost to the public sector of procuring the maintenance, renewal and upgrade of the infrastructure for each of the proposed contracts so as to deliver the PPP outputs. | |
means the rate that an investor can obtain on direct unconditional UK government bonds, known as gilts, if held until an equivalent maturity date. | |
means the statutory safety case prepared by the Infraco and LUL working together as a train operator and accepted by HMRI in compliance with the Railways (Safety Case) Regulations 2000. | |
Circle, District, Metropolitan, East London and Hammersmith and City lines. These lines are in the open or only just below ground level in 'cut and cover' tunnels. | |
The body appointed under the Greater London Authority Act 1999 which has taken over London Transport's responsibilities, and from July 2003 London Underground Limited. From that date London Underground Limited is answerable to the Mayor of London for the service it delivers. | |
means the amount equal to the higher of 95 per cent of the Approved Debt and the sum calculated in accordance with a formula contained in the Service Contract. |