TfL Trading Arm

Meeting: 
MQT on 2016-09-14
Session date: 
September 14, 2016
Reference: 
2016/3443
Question By: 
Florence Eshalomi
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

When do you plan to establish a TfL trading arm that can run bus and other local transport services and sell TfL's expertise, at home and abroad?

Answer

Answer for TfL Trading Arm

Answer for TfL Trading Arm

Answered By: 
The Mayor

I instructed TfL to establish a consultancy business, Transport for London Consulting, in May of this year.

TfL has developed a positive business case to provide its expertise to operators around the globe and will be working in partnership with established engineering, transport and management consultancy businesses to pursue opportunities to generate revenues to reinvest in the transport network.

TfL has already signed a deal with Cubic Transportation Systems to allow other cities around the world to benefit from London's contactless ticketing technology.

I will provide an update on Transport for London Consulting later this year.