Home U.K London crisis: Sadiq Khan facing down £1.3bn black hole – desperate mayor...

London crisis: Sadiq Khan facing down £1.3bn black hole – desperate mayor issues plea

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It explained, however, that due to the pandemic, as of December last year, the transport network was facing a funding gap of £2billion per annum by 2023.

This number already included making savings of £730million a year and reducing the bus network by around 4 percent, it said.

As part of the agreement with the Department for Transport, the Mayor and TfL “must raise an additional £500m-£1bn per year from 2023/24.”

On top of this, TfL must decarbonise by 2030 to be in line with Mayoral and Government climate change policy, it said.



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