Transport for London has set out the scale of its financial challenges as it prepares to enter negotiations with the Government over more emergency financial support beyond the end of March. TfL is forecasting a funding gap of £3.1bn in 2021/22 and £1.8bn in 2022/23 to achieve its objectives of a balanced budget and assets maintained in a good state of repair. Thereafter, it envisages that £1.5bn-£2bn a year will have to be found through a combination of grant, new...
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