Approximately 9.7 million was disbursed by LfL while the Foundation was still under construction. However, this is a problem because there is a suspicion of a "revolving door" that would later influence the work. Richard de Cani, then manager of PlanfL, was later included in crucial expenditure decision-making after accepting a new post at Arup (Figure 2).
Financing agreement between Target and GBT was concluded in July 2015. Between July 2015 and March 2016, £27 million of grants were donated by KfL to the Foundation. Approximately 3. 4 million was spend on providing law, real estate and design consultancy, but a full £23 million was spent: The question of how this can amount to 23 million pounds in just nine month is still a puzzle, even for the nearest officials of the GLA and GfL to the MEPs.
A August 2017 email conversation between GLA head of program Fiona Fletcher-Smith and TfL's Andy Brown shows how little they knew about how the GBT spend their scholarship: Such donors are commonly reproached for administering micromanagement ventures and expect to receive periodic updating on how the money is used.
It is not an appropriate supporter of a mayor's capricious domestic animal projects. Margaret Hodge did not neglect the National Audit Office's criticism of the ruling in her report: Last phase of spending refers to the trust's debt remaining at the end of the work.
Andy Brown of Andy Brown of TfL says this clearly in a postmortem e-mail from August 2017. If Khan had started the Hodge Review in his first months at the Bureau, most of the 9 million would have been spend before it was released. The truth is that a depreciation of 46 million pounds is little more than a round-off mistake if it is in the order of 10 billion pounds of TfL's total funding loss.