Transport for London this week put back the date for achieving an operating surplus by a year, to 2022/23, blaming the delayed opening of the Elizabeth line (Crossrail) and a decline in bus passenger numbers.
The new business plan assumes that the delay to Crossrail opening will have a net operating impact (income and cost) of £600m over the next three years – £200m in 2019/20, £300m in 2020/21, and £100m in 2021/22. The major impact is delayed...
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