Transport for London aims to break-even on its day-to-day operations in 2021/22 by growing public transport passenger volumes, delivering a £4bn programme of efficiencies, and increasing commercial revenues from advertising, consultancy, and property.
TfL’s net cost of operations, taking into account capital renewals and financing costs, is forecast to show a deficit of £793m this year (2016/17).
The organisation’s financial projections are set out in the new...
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