Transport for London: Finance

(asked on 10th December 2020) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what discussions he has had with Transport for London on the (a) recent decision to reduce expenditure on asset management in the next financial year and (b) implications of that decision for urgent road network upgrades and road safety in London.


Answered by
Rachel Maclean Portrait
Rachel Maclean
This question was answered on 17th December 2020

As transport in London is devolved, it is for the Mayor and TfL to assess the merits of capital projects including asset management expenditure and any implications for road safety. As part of the recent Emergency Funding Agreement with Government, by 11 January 2021 TfL will produce a single, comprehensive management plan with options as to how a trajectory to financial sustainability by 2023 can be achieved, including their contribution to capital projects within London.

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