Capacity Enhancement Projects (Supplementary) [13]

Session date: 
December 6, 2006
Question By: 
Tony Arbour
Organisation: 
GLA Conservatives
Asked Of: 
Peter Hendy (Commissioner, Transport for London)

Question

Thank you very much for that. I found Transport 2025 absolutely fascinating and I very much hope it is not fiction. What does concern me, and I am sure concerns Londoners, is the gap between income from the fare box and the increase in expenditure which is indicated in the report. The income from the fare box is estimated to go up by 31%, but your expenditure is estimated over the period to go up by 48%. How are you going to meet that funding gap?

Answer

Answer for Capacity Enhancement Projects (Supplementary) [13]

Answer for Capacity Enhancement Projects (Supplementary) [13]

Answered By: 
Peter Hendy (Commissioner, Transport for London)

I think I just said. What is set out in Transport 2025 is not merely a base level of expenditure on both project and operating expenditure for TfL, it does in fact include Crossrail and the increase in the PPP which I have described as separate, and of course it does not include what is needed on the national railway network because that is nationally funded.