Funding crunch will force TfL to cut investment – Assembly

FUNDING

Transport for London will have to cut back its capital investment programme to cope with acute funding pressures, the London Assembly has warned. 

The budget and performance committee says TfL faces pressures on multiple fronts. 

Government revenue funding will be cut from £700m a year to zero by 2018/19. TfL has traditionally used part of this funding to fund capital projects. 

New mayor Sadiq Khan’s promised fares freeze will cut fare income by £640m over four...

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