Funding black hole caused by covid sees several TfL jobs hit the buffers

By Jordan Marshall2020-07-27T05:00:00

Transport body says it is missing £5bn after passenger numbers nosedived in wake of lockdown

Transport for London has been forced to put the brakes on several projects because of dwindling resources caused by the covid-19 pandemic.

The network has been hit hard by the crisis and faces a potential funding black hole of up to £5bn after passenger numbers plummeted during lockdown.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community