TfL has seen passenger numbers plummet due to the pandemic, leading to huge shortfalls in funding. Credit: PA Transport for London has outlined its radical plan to become self-sustainable by 2023, which includes introducing a boundary charge to drive into Greater London and a potential redrawing of the Tube map. Though it was on track to operate at a surplus within the next two years, TfL has seen its finances “decimated” by the Covid-19 pandemic due to its over-reliance on fares for income. The TfL Financial Sustainability Plan, released today, also provides more detail about proposed fare increases from March 2021 as well as how sustained Government support is needed to become self-sufficient by the 2023 target.
TfL has seen passenger numbers plummet due to the pandemic, leading to huge shortfalls in funding. Credit: PA Transport for London has outlined its radical plan to become self-sustainable by 2023, which includes introducing a boundary charge to drive into Greater London and a potential redrawing of the Tube map. Though it was on track to operate at a surplus within the next two years, TfL has seen its finances “decimated” by the Covid-19 pandemic due to its over-reliance on fares for income. The TfL Financial Sustainability Plan, released today, also provides more detail about proposed fare increases from March 2021 as well as how sustained Government support is needed to become self-sufficient by the 2023 target.