Transport for London has cut its expectations of public transport fare revenues over the next five years by £1.6bn.
The organisation’s new business plan to 2022/23, published just before Christmas, features markedly lower fare revenue projections than those in the business plan to 2021/22 published in December 2016.
The December 2016 plan projected fares revenues of £4.877bn in 2017/18. The new plan forecasts revenues for the year of £4.638bn –...
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