Code of Practice Guidance
London’s first State of the City report was released in June 2017. Using asset information gathered through the status reporting process we were able to define London’s maintenance backlog, across the highway assets, £729m, and the annual funding needed to sustain the asset in the current state is £422m – that’s £92m more than is currently being invested each year. So in simple terms, our backlog will grow by £92m a year at this rate of investment!
Understanding the scale of London’s highway asset and the investment need for the first time will help to inform investment strategies across the capital. Continuing this work annually will build a robust investment need for London’s highway asset.