We’ve previously posted on the post-metronet oversight arrangements here.
In a nutshell, the Joint Steering Committee appointed to evaluate post-Metronet options determined that Metronet’s responsibilities should stay with TfL. In return, however, TfL would be required to appoint a committee of independent figures to oversee the entire TfL investment programme.
Members of this committee would come from a shortlist of nominees drawn up by the Mayor and TfL, with the final appointments agreed with the Secretary of State. The terms of reference for the committee would also be agreed by both the Secretary of State and the Mayor.
A few more details about this committee have now become clear – it will be called the Investment Programme Advisory Group (IPAG) and be composed of six to eight members.
Interestingly, TfL have also posted a job listing for committee members on their careers site. Which gives a little more idea of the kind of work involved, which is quoted below.
INFRASTRUCTURE INVESTMENT ADVISORS
Competitive salary, Up to 15 days per annum, London
Transport for London (TfL) runs virtually all of the Capital’s transport services and is overseeing the largest investment in London’s transport infrastructure for decades. The projects that form part of the investment programme need to be delivered in an economic and efficient way, demonstrating clear value for money for fare and taxpayers and be delivered on time and to budget.
We are looking for a number of deeply experienced industry figures to form an Investment Programme Advisory Group to act as independent, impartial advisors on some of our most significant projects. Examples are Underground upgrades, Overground line extensions and other Capital-wide projects such as the upgrade of the Blackwall Tunnel. In this role you will support the Mayor, the TfL Board and their relationship with the Department for Transport by providing expert advice on the development and implementation of these projects and scrutiny of the overall delivery of the investment programme.
Very likely a chartered member of a relevant institution, you will enjoy a good reputation in your field and have experience of leading the delivery of major infrastructure projects. Substantial technical and commercial expertise will also be required. And, as these are independent advisory roles, it’s important that you can show how you would manage any potential conflicts of interest.
Applicants are also invited to express their interest in undertaking the role of Chair of this group.
Thanks to PH for the spot.