TfL lost Income

Meeting: 
MQT on 2008-11-12
Session date: 
November 12, 2008
Reference: 
2008/2424
Question By: 
Mike Tuffrey
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

Your answer to my question last month (2080/2008) completely missed the point. Rather than giving me your opinion on the Western extension to the Congestion Charge Zone, can you please let me know how TfL plan to 'recoup' the £70million (using your figures) that will be lost should the abolition go ahead, and a payment by account system introduced.

Answer

Answer for TfL lost Income

Answer for TfL lost Income

Answered By: 
The Mayor

The consultation on the future of the Western Extension closed on 5 October. TfL is compiling the results and will be submitting their report to me shortly. TfL estimates that the removal of the Western Extension could reduce overall gross revenues by some £70 million per annum. I have asked TfL to focus on reducing costs and review possible mitigation, but inevitably there may be implications from a reduction in revenue. This would have to be considered as part of the longer term approach in the development of my Transport Strategy and TfL's Business Plan.