Maximising Revenue from TfL's Capital Assets

Questions to the Mayor of London – answered on 8th January 2021.

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Photo of Keith Prince Keith Prince Conservative

Do you accept you should seek to maximise revenue from TfL’s capital assets before agreeing to increase the Mayor’s Precept?

Photo of Sadiq Khan Sadiq Khan Mayor of London

Transport for London (TfL) has made clear in its submission to the 2021/22 Mayor’s Budget that – given the need to generate long-term revenue – there will be no disposal of revenue-producing assets which would be commercially beneficial in the longer term. Instead TfL is investing to drive additional income and housing from its portfolio across London.