Investment in upgrades falls despite TfL’s £138m operating surplus

Transport for London (TfL) hit an operating surplus of £138m in the last financial year but investment in its network dipped amid a dearth in government funding. In its financial report covering March 2023 to April 2024, TfL said capital enhancement had fallen from £1.36bn to £1.25bn year-on-year over what marked the first period it has operated without Covid-era […]