Transport for Wales publishes annual report for 2020/21
Transport for Wales (TfW) has published its annual report and financial statements for the year through March 31, 2021, a year that saw the return of the railway to public ownership and the transformation work of the Core Valleys Lines as part of the construction of the South Wales Metro.
As the Transport for Wales Group’s first set of consolidated financial statements, figures released today show total grant-funded expenditure of £ 638million, consisting of:
- £ 356 million in revenue funding for the provision of passenger rail services. This included £ 176million in income support from Covid-19 and other emergency measures funding.
- £ 88million capital funding for the provision of rail services to passengers, including the purchase of rolling stock, depot development and station upgrades.
- £ 147million in capital expenditure for rail infrastructure and an additional £ 47million for projects and service operations.
TfW’s workforce increased from 305 in March 2020 to 481 as of March 31, 2021 following the appointment of 112 employees and the transfer of 91 members of the Axis cleaning team (there were 27 departures). As a subsidiary of the Transport for Wales group, Transport for Wales Rail Limited employs an additional 2,604 people.
Highlights for 2020/21 included the ongoing transformation of the Core Valleys (CVL) lines to build the South Wales Underground and the delivery of major upgrades to Swansea, Bridgend and Wrexham stations. The first new railway station in the Wales and Borders network since 2015 has also been opened at Bow Street.
Rail customers benefited from additional capacity and additional services with the introduction of two Class 769s on the Rhymney line while testing began on Class 230 hybrids ready to enter service on the Wrexham-Bidston line later This year. Four Class Mark IVs were also acquired and have now entered service.
fflecsi, TfW’s new integrated and responsive transport service, was launched in May 2020 following an initial pilot project in Pembrokeshire and Conwy Valley. It is delivered in partnership with local authorities and bus operators while 2020 also saw the launch of Wales’ first e-bike sharing program at Penarth station. This follows the successful introduction of pedal bike sharing programs in Cardiff and Swansea.
Scott Waddington is President of TfW. He said:
“2020/21 has been a year like no other. As an organization, Covid-19 tested our resilience and agility as we responded to disruptions that impacted our employees, customers, communities and services. The result is that we have changed beyond recognition over the past 12 months and are now forming the TfW Group following the transfer of the Wales and Borders rail franchise to our subsidiary Transport for Wales Rail Limited in February 2021. It is This is therefore our first set of consolidated financial statements.
“It has been a time of unprecedented challenges and transformational change with our colleagues working together to make Wales move safely while continuing to deliver on the Welsh Government’s vision of developing a more integrated and accessible transport network. all. It is an organization that has changed beyond recognition over the past 12 months, but we have remained focused on delivery and I pay tribute to our colleagues and partners. “
Chief Executive James Price said:
“By working as one team, we are advancing the Welsh Government’s vision of a high quality, safe, integrated, affordable and accessible transport network of which the Welsh can be proud. Indeed, this year saw several important milestones in the evolution of TfW. We took responsibility for Core Valleys Lines following the transfer from Network Rail in March 2020 before becoming the operator of the Wales and Borders rail service with the creation of Transport for Wales Rail Limited in February 2021. There was also the transition from the Axis cleaning team earlier this year as we continue to create a better service experience for our customers.
“Covid-19 has made 2020/21 a difficult year for everyone, but our team remains focused on the right thing to do for the people of Wales; transform the customer experience and promote a lasting and lasting modal shift.
The full report can be read by visiting https://trc.cymru/annual-report-and-financial-statements