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TfL won’t return to pre-Covid spending levels anytime soon

Funding

12 June 2020
TfL is studying how charges could reflect distance driven, emissions, time and road danger
TfL is studying how charges could reflect distance driven, emissions, time and road danger

 

Transport investment in London is likely to fall significantly over the next few years, as Transport for London grapples with the long-term impacts of the Covid-19 pandemic. 

Public transport demand has plummeted, wrecking TfL’s financial plans, including the business plan for 2020/21-2024/25 published last December.

“It is unlikely, even with significant external support, that we will return to any similar plan or levels of investment in the medium-term,” Simon...

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