Transport for London (TfL) is a local government body responsible for most of the transport network in London, United Kingdom.
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The current operator, London Underground Limited (LUL), is a wholly owned subsidiary of Transport for London (TfL), the statutory corporation responsible for the transport network in London.
In the early 2000s, London Underground was reorganised in a Public-Private Partnership (PPP) as part of a project to upgrade and modernise the system. Private infrastructure companies (infracos) would upgrade and maintain the railway, and London Underground would run the train service.
TfL lost 95% of its fares income when the pandemic hit, and while passenger numbers on the Tube have recovered to roughly 65% of normal use, the transport body continues to struggle because “many commuters have not returned to a five-day week while there are few international tourists”, said the Standard.
I understand that officers get free travel on TfL services both on and off duty, using their individually assigned TfL Police Oyster cards, as well as the ATOC concessionary scheme that provides officers with unlimited travel on most national rail services within a 70 mile radius of London.
As a result, roughly 40 per cent of the nearly £19bn cost has been paid for by London's businesses. This is not money that would have otherwise been spent in other ways, but new money on top of existing tax contributions, with the balance coming from London government, Network Rail and general government funds.