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Sadiq Khan ‘could shut down London Tube and bridges for days to come as TFL-funding black hole hits £1.5bn

SADIQ Khan “may shut down” London’s Tube network and some bridges for days to come as the black hole in TfL’s finances hits £1.5 billion.

There are plans to introduce road tax, increase council tax and expand congestion charge area will not be enough to balance the books of Transport for London (TfL), board papers have revealed.

London Mayor Sadiq Khan could shut down Pipeline'for days' to tackle TfL funding crisis

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London Mayor Sadiq Khan could shut down Pipeline ‘for days’ to tackle TfL funding crisisCredit: Getty Images – Getty
Vauxhall Bridge could also be'closed for days'

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Vauxhall Bridge could also be ‘closed for days’Credit: Alamy
The closure of the London Underground will almost certainly mean chaos on the capital's roads

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The closure of the London Underground will almost certainly mean chaos on the capital’s roadsCredit: LNP

Transportation agency officials have also warned a program to avoid road deaths would need to be halted.

TfL’s financial situation has been dealt a heavy blow due to a sharp drop in revenue due to rising ticket prices during the pandemic.

Critics of the Mayor of London also argue that his pledge not to raise fares in 2016 has contributed to TfL’s financial situation.

Mr KhanThe 51-year-old, who is also the chairman of TfL, had to rely on some bailout from Westminster to prevent the London Underground and the capital’s buses from shutting down.

However, that money comes with some constraints, such as a commitment to consider the introduction of driverless subways.

After the Department for Transport refused to ask TfL to withhold part of the vehicle excise tax, otherwise known as the “road tax”, Mr Khan proposed introducing an “obvious airline fee” of £2 for drivers in the capital.

Also under consideration is a so-called boundary fee of up to £5.50 a day levied on people driving cars into the Greater London.

Gareth Bacon, Orpington Conservative MP, told walkie talkie: “The government will cover the cost of the coronavirus, but Sadiq Khan needs to come up with a plan to pay for London’s public transport over the long term.

“Undoubtedly, his decision to freeze ticket prices, costing TfL at least £640m, has made this task a lot more difficult.

Mr Bacon added that Mr Khan also needed to “get a grip” of the cost of TfL’s gilded pensions, staff perks and bonuses, and find ways to boost London’s economy and “riders”.

Caroline Pidgeon, a Liberal Democrat member of the University College London Authority and chair of the transport committee, said: “Bus services have been reduced in frequency and many other TfL transport services will also be cut soon. reduced, unless the Government begins to treat TfL on similar terms to the financial assistance it is willing to provide to train operators.

Ms Pidgeon added that “playing the game” with London’s transport services needed “to get to the point”.

The latest funding deal, announced in December, expires on Friday.

Talks between Boris Johnson’s transport adviser, Andrew Gilligan, and Mr Khan, are said to be ongoing, walkie talkie report.

In TfL’s budget update, prepared for Wednesday’s board meeting, it lays out plans to put the London Underground into “managed decline”, according to the article.

“A declining network of older assets will fail more often,” the officials warned.

“Risk of major reliability issues on Tube assets that could cause multi-day closures.”

In other moves, TfL has flagged six roads that are facing “closed” because of the lack of funds to maintain them.

These include the Vauxhall Bridge, whose steel structure is said to be in “very poor” condition; Rotherhithe Tunnel, due to repair of ventilation and firefighting systems; and the Brent Cross flyover is also said to be in “very poor condition”.

Council papers say TfL’s finances have been affected by more than £250m due to omicron variation, rising inflation and energy prices.

A spokesman for Mr Khan said: “This is a small window into the clear reality of the financial crisis facing TfL, with just a few days to go before the current government funding agreement expires. .

“Without a new, sustainable long-term funding arrangement, there is a real risk of major projects being halted, service cuts, trains falling into disrepair and closures on train lines.” major road network – all of which will disrupt services for hundreds of thousands of people and stunt the economic recovery of London and the country. ”

If the Pipeline is closed, commuters will have to find other means of getting to work

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If the Pipeline is closed, commuters will have to find other means of getting to workCredit: PA: Press Association
TfL's finances were severely affected by the Covid pandemic and closed as a result

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TfL’s finances were severely affected by the Covid pandemic and closed as a resultCredit: Alamy

https://www.the-sun.com/news/4591651/sadiq-khan-shut-tube-days-tfl-finances-london/ Sadiq Khan ‘could shut down London Tube and bridges for days to come as TFL-funding black hole hits £1.5bn

DevanCole

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