What is the estimated total staff hours and cost to TfL for taking part in the four negotiating rounds with the Department for Transport for the Extraordinary Funding and Financing Agreements since the onset of Covid?

There is a core funding negotiation team of 10 FTE who spend all of their time on funding negotiation work, and both the Commissioner and the Chief Finance Officer spend around 50 per cent of their time. In addition, there is a range of 200 to 250 FTEs from across the organisation who also complete the extensive work required to prepare for the negotiations and the delivery of the ongoing funding conditions. These FTEs have spent around 25-30 per cent of their time on this work at varying points since the funding discussions first started in 2020. Although there have been no direct additional employee costs, this additional work has resulted in a number of employees working excessive hours at times to absorb the additional workloads.