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TfL to raise congestion charge by 30% as part of £1.6bn bailout deal

Transport for London is to raise the congestion charge by 30%, temporarily stop free travel for children and charge over-60s to travel at peak times after securing a £1.6bn bailout from the government.

Saturday, 16 May 2020

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Chartered Institute of Logistics and Transport

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Rail Technology Magazine

  • TfL to receive £1.9bn bailout from Government Since lockdown began Transport for London has continued to run services to provide transport for key workers or for anyone needing to carry out an essential journey. Despite this, due to lockdown measures, passenger demand has fallen, with a 95% reduction in journeys on the London Underground....


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  • Government yields and bails out TfL with up to £1.9bn Calls for a financial rescue at Transport for London have been accepted by the Government which is making up to £1.9 billion available, although around £500 million will be a loan rather than a grant. The Mayor of London Sadiq Khan had warned that TfL was now so short of money that some services would have to be withdrawn, in spite of the plan to improve them from Monday to cater for an increase in commuters resulting from an easing of lockdown restrictions. TfL had also pointed out that its revenues had plunged, with Underground journeys down by 95 per cent. The organisation recently furloug...
  • RMT threatens strike over government™s ˜austerity™ TfL deal More details have emerged of the terms of the Government™s £1.9 billion rescue deal for Transport for London. The RMT has been angered by the implications, and is threatening industrial action, while the Mayor has admitted that it is not the deal he wanted. The Department for Transport has agreed a grant of just over £1 billion plus a loan of £505 million. but in return the DfT will take part in the management of TfL, saying: ˜To put TfL on a sustainable footing for the longer term and help safeguard its future, the mayor has agreed that the government will carry out an immediate and broad-ra...

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