TOWARDS the end of July, TfL announced that it had received a draft financing proposal from the Department for Transport (DfT). In a statement, Andy Byford, London’s Transport Commissioner, emphasised that: “No agreement has yet been reached and we must make sure that the proposal is fair and that the conditions are realistic and deliverable.”
The ongoing issue of long-term funding for TfL is unquestionably political. An agreement was already due to have been reached by the end of June. As talks continued, the date