Transport for London: Borrowing
(asked on 1st April 2019) - View Source
Question to the Department for Transport:
To ask the Secretary of State for Transport, whether Transport for London has the power to defer borrowing from one year to the next.
This question was answered on 4th April 2019
Transport for London (TfL) may defer its prudential borrowing capacity from one year to the next. TfL is required to give notice to HMG of its intention to defer borrowing before the end of the financial year.