Servicing TfL Debt

Meeting: 
MQT on 2017-01-18
Session date: 
January 18, 2017
Reference: 
2017/0120
Question By: 
Keith Prince
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor
Category: 

Question

Do you think it is sensible that "TfL will therefore spend more money servicing its debt in 2021-22 than it will spend running the Overground, the Docklands Light Railway and London Trams together"?

Answer

Answer for Servicing TfL Debt

Answer for Servicing TfL Debt

Answered By: 
The Mayor

Borrowing to deliver capital schemes is normal practice. TfL has a huge infrastructure investment programme that is essential to deliver the services London requires to remain successful and open for business for decades to come.