Transport for London (TfL) lost 75 per cent of its anticipated passenger income in the first half of 2020-21, due to COVID-19. Since the start of the pandemic, Government and TfL have agreed three extraordinary funding and financing agreements totalling over £4 billion.
Tomorrow, the London Assembly Transport Committee with ask questions about the current state and future of TfL’s finances. The meeting aims to:
- Investigate the latest funding deal
- Consider the conditions attached to the Government’s financial settlements
- Explore TfL’s options for meeting the conditions of the funding package
- Investigate TfL’s future funding requirements
- Explore TfL’s options for achieving long-term financial sustainability
The guests are:
- Heidi Alexander, Deputy Mayor for Transport, GLA
- Patrick Doig – Divisional Finance Director, Surface Transport, TfL
- Vernon Everitt – Managing Director, Customers, Communication and Technology, TfL
- Professor Stephen Glaister, Imperial College, co-author of the 2020 TfL Independent Review
The meeting will take place on Wednesday, 30 June 2021 from 10am, in the Chamber at City Hall (The Queen’s Walk, London SE1).
Media and members of the public are invited to attend – numbers may be limited.
The meeting can also be viewed LIVE or later via webcast or YouTube
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Notes to editors
- Caroline Pidgeon MBE AM, Chair of the London Assembly Transport Committee is available for interview – see contact details below.
- Agenda papers
- As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.
For media enquiries, please contact Alison Bell on 020 7983 4228. For out of hours media enquiries, call 020 7983 4000 and ask for the London Assembly duty press officer. Non-media enquiries should be directed to the Public Liaison Unit on 020 7983 4100.