Government agrees £200m deal to keep Transport for London services running
The Government has agreed a fourth extraordinary funding settlement for Transport for London worth £200m, allowing the capital’s transport network to continue to operate. The settlement will run until 24 June, which the government says reaffirms its commitment to the network as it recovers from the pandemic and continues to work towards long-term financial sustainability. […]
TfL says new data shows ‘pedestrian priority’ signal success
Transport for London has published new data that shows how Green Person Authority traffic signals could be used to make walking in the capital safer and easier. In May 2021, TfL installed the new technology at 18 crossings across London. These priority signals show a continuous green signal to pedestrians until a vehicle is detected […]
TfL funding talks to continue through the week
Talks between the Government and Transport for London to try to agree a long-term funding arrangement for London’s transport network will continue until Friday, with extra funds available to cover the gap in finance this week. TfL has issued the following statement: “We continue to discuss our funding requirements with the Government. There is no […]
TfL “may file for bankruptcy”
It’s being reported Transport for London may declare itself bankrupt within days if a funding deal can’t be agreed with the Department for Transport. London’s financial paper City AM quotes a spokesperson for the Mayor of London saying that the Mayor Sadiq Khan was still “locked in negotiations” with the Government about a new funding […]
London Mayor faces Congestion Charge weekend fine criticism
It’s emerged that almost one in 10 drivers caught out by London’s weekend congestion charge have had their fines quashed. More than 34,000 of the 387,174 penalty charges issued during 2021 have been overturned, according to figures released to The Daily Telegraph after a Freedom of Information request.T The paper says the findings come after […]
London Assembly pleads for cash as TfL coffers run dry
The London Assembly is reported to be making a last-ditch effort for money by pleading with the Department for Transport to agree to a long-term funding deal for Transport for London. London’s financial paper City AM quotes Caroline Pidgeon, chair of the assembly’s transport committee, saying that without a long-term financial deal the public body […]
TfL passenger numbers grow
New data from Transport for London shows that Tube ridership has increased by more than 25% since early January, with bus ridership up by nearly 10%. New analysis of ridership data by TfL has revealed that, since working from home restrictions were lifted on 19 January 2022, the number of people using the Tube during […]
TfL introducing lower speed limits
Transport for London is cutting the speed limit on more than eight miles (13.77km) of roads as part of its commitment to complete 20mph speed limits on 130 miles of the TfL road network by 2024. It says it’ll bring in new, lower speed limits on five roads across London as part of its Vision […]
TfL loses record number of hire bikes
The number of TfL’s bike hire units being declared lost has reached a record number. The Evening Standard has seen Transport for London figures which show a total of 1,164 of the hire bikes, sponsored by Santander, were lost in the nine months to the end of last September – well up on the 934 […]
Motorists “to pay the price” of TfL’s funding hole
Motorists could end up paying to solve Transport for London’s funding crisis, which is expected to reach £1.4bn by 2024-2025. According to documents seen by London’s financial paper City AM, TfL expects to receive up to £300m per year from a series of policies London mayor Sadiq Khan is deciding upon, including the extension of […]