Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Khan targets bus revival and efficiencies within ‘flabby’ TfL

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Andrew Forster
16 December 2016
Khan: seeking fare income growth from buses and Crossrail
Khan: seeking fare income growth from buses and Crossrail

 

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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