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> It sure will cost some of the profit TfL isn't a private organisation, they are a government body. In 2015/16 only half of their costs were covered by ticket
by lucaspiller 9y ago
> It sure will cost some of the profit
TfL isn't a private organisation, they are a government body. In 2015/16 only half of their costs were covered by ticket sales and other income (advertising, sponsorships, etc). The rest comes from government funding, so taxes.
- Brakenshire 9y agoThat's actually mostly not true any more. By next year day to day costs will be 100% self-funded, only capital investment will be funded by the state. http://www.mayorwatch.co.uk/govt-funding-changes-will-force-tfl-to-become-self-funding-by-2018/ http://www.mayorwatch.co.uk/govt-funding-changes-will-force-...