Transport for London: Finance

(asked on 22nd June 2021) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, whether he has had discussions with relevant stakeholders on steps TfL plans to take to raise an additional £500 million every year, in response to the most recent TfL funding agreement.


Answered by
Rachel Maclean Portrait
Rachel Maclean
This question was answered on 30th June 2021

In June the Government agreed a third extraordinary funding and financing package for Transport for London (TfL), worth around £1.08 billion. This deal takes steps to put TfL on a financially sustainable footing, including the identification of between £0.5-£1.0 billion of new/increased revenue sources by 2023.

It is for the Mayor and TfL to lead this review and any consultation process, to ensure all stakeholders views are taken into consideration.

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