TRANSPORT for London (TfL) is predicting it will record a slight profit during the next financial year.
With annual operational costs being predicted to be £7.9 billion, annual income should reach an estimated £9.1bn. Yet by the time capital renewals and net interest costs have been paid, there will be an eventual estimated profit of just £79 million. TfL reports that this will be reinvested back into the network.
The mayor of London, Sadiq Khan, has enabled TfL to tap into the Greater London Authorities (GLA) working capital and prudent reserves for long-term projects cash balances ( 322), allowing it