It’s being forecast that fixing London’s tunnels and bridges will cost Transport for London more than £35m by financial year 2024/2025.
London’s financial newspaper City AM reports that documents prepared of the next TfL committee meeting showing the transport body has set aside £6.8m for interim and reactive safety measures during the coming financial year, spending £6.2m last year on interim and reactive safety measure for its tunnels and bridges.
It says TfL is currently unable to carry out all the upgrades needed across the network due to a precarious financial situation based on government short-term funding, whose latest round is expected to expire in late June.
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