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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

Andrew Forster
23 November 2018
Room for more ads? The committee says more advertising may be the “price we pay for better services”
Room for more ads? The committee says more advertising may be the “price we pay for better services”

 

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...

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