Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

TfL prepares for ‘managed decline’ scenario

Funding

Deniz Huseyin
03 December 2021
Andy Byford
Andy Byford

 

Transport for London (TfL) has warned it will have to scale back support for active travel schemes, reduce bus and Tube services, halt station upgrades and the renewal of roads and bridges, unless the Government helps close a projected funding gap of £2bn per year.

As a result of significant loss in passenger revenue during the Covid-19 pandemic, TfL has received emergency funding from the Government through three short funding agreements. The current funding agreement expires on 11...

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