Transport for London calls for new cash to replace 50-year-old trains

For London, the transport head called on the Government of the United Kingdom to replace the 50-year-old tubular trains and stopped falling on the road and the railway network.

Andy Lord told financial times that he wrote Chancellor Rachel Rivse to demand a financial solution for up to five years for the reconsideration of capital expenditures in June.

The London Transport Authority, which carries out underground and bus networks, as well as some cemeteries and very large roads through six short-term prospects of the previous conservative government.

“You can’t run the world’s largest integrated public transport body without a settlement of long-term capital financing,” said the Lord in the interview.

One ShrapetUrgent priorities are more urgent priorities working on underground Bakerloo Line, which operates in the UK’s oldest service wagons.

The Lord warned that the line became more reliable, because the government was struggling to maintain trains built in the 1970s.

“In time, there will be a point when we just can’t have enough train to run a reliable service, and it will hit us,” he said. “We will continue to run as long as possible, but the reality is that it will become more expensive and less reliable.”

TFL is on track, for the second consecutive financial year, meaningful, it can pay for the value of its operations. But for the necessary capital expenditures, government money will need to replace trains, update signal or new infrastructure.

In the October budget, the body was handed over to 485 million pounds, 2025-26 for capital expenditures, but it has no clarity for its funding.

The Lord compared the financial calculations of TFF’s Piecemeal with other transport authorities, such as the State Railway Railway Infrastructure and National Highways, which are responsible for the highways. Their budgets are given to more than five years of five-year cycles.

But with public finance swing to a Smaller than an expected surplus in January And to find more money to put pressure on the background of more and more complicated costs.

Lord, TFF’s commissioner refused to say how much he had asked. But he warned about the “risk” that the parts of the transport network will be less reliable without a new cash.

Last year, a serious failure of the underground central line was the result of the previous conservative government, which is not fully funding the maintenance program, the owner said.

He added that some of the main roads operating by TFL, including Northern London Brent Cross Flyover, needed urgent renovation.

“We have restrictions on several basic road arteries, at a minute where there is a direct impact [on traffic]”He said.

TFF ordered 94 new trains from German Industrial Conglatatatyan Sympathy for Piccadilly Line. They must be entered the service next year.

The Lord said that TFL would like to follow the new trains for the “Bakerloo” line of Siemence, which will also help ensure the future of the factory, where they gather in Yorkshire’s Gaole.

TFL also wants to redo the Piccadilly line to significantly increase the number of trains that can run on the line.

Other versions of the Lord’s Reeeeve included the main funding “Growth Schemes”, including Hakerloo Lines Tunnel to South London, and a driver in southeastern London.

“I am encouraged to be encouraged by our positive discussions[about a financial settlement]A number of a number I am optimistic that we will get the necessary funding, “said the Lord.

Government officials say they are working with TFL on a long-term solution. The transport department said. “The success of the London Transport Network is vital for both the capital and the British economy.”

After the agenda of the Reeves with the expansion of the Heathrow, when Reeves said that the government would return the project, the Lord said that the government or the airport should finance existing transport infrastructure if the construction of a third runway is being built.

He said that TFL should take into account Additional services and modernities to Piccadilly Line, both of which run between Heathrow and Central London to serve the growth of air travelers.

He also needs to look at the South and West and the creation of new railway links to the road.

“TFL cannot expect its services to expand its own money. We just don’t have that funding available, “he said.

With a new stroke for Tof finance, the Lord said that he expects the passenger’s income to be lower than forecast for the current fiscal year.

He accused of fewer people than expected, and quoted the economic environment and evidence that were created more than external than in London.

The recent financial figures of TFF predicted a passenger income for 5.3 billion pounds for 2024-25 percentage, than forecast.

“I think we must continue to look at how we can work with employers in particular to encourage people more often,” he said.

Lord’s comment on Echo London Mayor Sir Sadik Khan, who warned about the growth of flexible work. Khan warned this month that he “cannot afford” the capital to become a city where “the center has been hit.”

The TFL still obliges its office staff to be only 50 percent.

“I think that there is a lot of attention to whether people should be in the office, a lot depends on the field where you work our business, which has our customers’ attempt.