TfL faces financial crunch as Government leaves 250 million hole in maintenance budget
Briefly

TfL has already had to delay some £90 million worth of maintenance on the network to help cover the funding gap and has confirmed that it's now reviewing its draft business plan for the year ahead to try and cover the larger than expected gap in its finances.
TfL could try to fill the maintenance gap through borrowing, but had already assumed an extra £250 million in borrowing, if affordable. Doubling that would be a challenge. There's also an option for the Mayor to cover the gap through a £500 million borrowing option available to the Greater London Authority (GLA).
Read at ianVisits
[
add
]
[
|
|
]