Saving for TfL of not changing fares for 2016

Meeting: 
MQT on 2015-11-18
Session date: 
November 18, 2015
Reference: 
2015/3715
Question By: 
Caroline Pidgeon
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor
Category: 

Question

Please set out the estimated annual costs for implementing any changes in fares  by TfL in terms of changes to computer software, ticketing machines and publicity work that are generated by any change in fares other than freezing them?

 

Answer

Answer for Saving for TfL of not changing fares for 2016

Answer for Saving for TfL of not changing fares for 2016

Answered By: 
The Mayor

TfL's ticketing contractor is contractually obliged to carry out up to three fare revisions each year without charge to TfL.

Savings from a fares freeze would therefore be limited to TfL's current spend on any related customer information materials. TfL estimates this saving to be in the order of £78,000 based on the cost of similar previous customer information activities.  

The new prices of Travelcards, daily caps and National Rail tickets, many of which are retailed by TfL but not all controlled by TfL, would continue to require adjustment and communication even if TfL froze all the fares it controls.