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.
30 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.