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TfL cuts fare projections by £1.6bn over the next five years

LONDON

Andrew Forster
05 January 2018
Brexit is partly to blame for patronage fall, says TfL
Brexit is partly to blame for patronage fall, says TfL

 

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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