Explore new revenue streams to keep capital moving, TfL told

The rising cost and delayed opening of the Elizabeth Line merely add to the list of Transport for London’s financial worries. A new report by the London Assembly’s budget and performance committee says TfL should explore new ways of generating revenue, including road pricing. Andrew Forster reports

Transport for London was already facing unprecedented financial challenges before the news came this summer that the opening of the central tunnel section of the Elizabeth Line (Crossrail) between Paddington and Abbey Wood would be delayed from December until next autumn, and that additional cash was needed to complete the project. 

A combination of the ending of the Government’s revenue grant, which had been worth £876m four years ago, the fares freeze imposed by mayor Sadiq...

Subscribe today to read this article in full...

Benefits of subscribing to Local Transport Today Subscription + TransportXtra & TransportXtra.com

• 25 issues a year
• Essential reading for public and private sector transport professionals in the UK and beyond
• Stay ahead of the competition – hear it first
• Written by leading experts in the transport industry
• Additional publications throughout the year covering specific subjects Smarter Travel, Get Britain Cycling and Data and Modelling
• Includes full online access to TransportXtra.com and searchable archive

Magazine + Online

Pay Monthly

£12.40

Fixed Term

1 Year Subscription £144.00 3 Year Subscription (Save 20%) £345.60

 

Online Only

Pay Monthly

£14.40

Price shown ex VAT. Monthly subscription amount charged monthly to registered card.

Fixed Term

1 Year Subscription £156.00 30 Day Subscription £36.00 90 Day Subscription £72.00

Invoice option available on fixed-term subscription. Subscriptions begin from receipt of payment.