(13 Jul 2023, 7:05 am)busmanT wrote £73.5m for capital spending, £90m for revenue spending between now and March 2025 - a significant sum.
According to the publicly available papers for the Joint Transport Committee, £17m is being spent on the BSIP fares.

For anyone else that's interested, item 9 (page 89 onwards) covers this in the July agenda pack, which is available here. 

In addition to agreement of the £17m budget allocation mentioned above, the second recommendation is to "Approve the variation of the BSIP Capped Fare Scheme set out in Appendix 1"

It's not very clear what the amendments are from the papers being provided, but I presume that'll be covered by Tobyn (or whoever from TNE) when they present the paper. That being said, I thought I'd take an extract from what's presented in the July agenda pack and what was presented in April, and run a comparison on them. The key differences I can see are:

• Scheme will now be administered by Network One (this may have always been the intention, but not confirmed).
  
• In the Capped Fare Scheme document (July agenda pack - pg.101 onwards); 
  
• Schedule 4 Clause 5 (Adjustments to baseline data) has been renumbered to Clause 7, with subsequent clauses renumbered accordingly. 
  
• Two new clauses 5 (Reimbursement for Revenue forgone for Adult Day Tickets) and 6 (Estimated Revenue for Adult Fares) have been inserted.
  

I may be wrong here, but my skim-reading of it is a change to completely reimburse operators of any perceived lost revenue overall; e.g. through singles/returns/commercial day tickets, where these multi-modal tickets have been purchased and used instead. I had previously understood it to be a like-for-like reimbursement on the difference between the Network One equivalent and the new price cap (para 17 and 18).