Green Bonds

Meeting: 
MQT on 2015-07-15
Session date: 
July 15, 2015
Reference: 
2015/2354
Question By: 
Murad Qureshi
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

Building on the work Transport for London undertook to issue a Green Bond earlier this year, is the GLA group looking to issue further Green Bonds?

Answer

Answer for Green Bonds

Answer for Green Bonds

Answered By: 
The Mayor

TfL's Green Bond framework can support projects in five eligible categories (world classcapacity, station upgrades and station capacity, New Routemaster buses and bus fleet upgrades, cycling improvements, and London Rail capacity and enhancements). TfL will make a decision on issuing any further green bonds on a case by case basis. The rest of the GLA Group has no plans to issue such bonds to support environmental projects.