Transport for LondonAppendix 4 - Financial assistance
Skip to navigationTfL may give financial assistance to any body or person in respect of expenditure incurred or to be incurred by that body or person in doing anything which, in the opinion of TfL, is conducive to the provision of safe, integrated, efficient and economic transport facilities or services to, from or within Greater London.
Financial assistance given under section 159 of the GLA Act 1999 is outlined below:
| Financial assistance | 2003/04 £000 |
2002/03 £000 |
|---|---|---|
| Subsidiaries | ||
| Transport Trading Limited | 6,456 | 13,875 |
| London Underground Limited * |
143,500 | - |
| London Bus Services Limited |
503,000 | 400,347 |
| Docklands Light Railway Limited |
31,530 | 35,800 |
| Victoria Coach Station Limited |
- | - |
| London River Services Limited |
1,050 | 530 |
| London Buses Limited | - | - |
| Joint venture | ||
| Cross London Rail Links Limited | 15,591 | 12,619 |
| Other | ||
| Bus priority |
21,778 | 20,513 |
| Safety schemes |
22,457 | 19,545 |
| Cycle network |
10,328 | 5,856 |
| Congestion charging |
17,248 | 13,988 |
| Trafalgar Square |
6,296 | 9,714 |
| Local traffic and pedestrian improvements |
5,865 | 5,060 |
| Parking control and enforcement |
1,104 | 1,690 |
| Taxicard |
4,659 | 3,273 |
| Maintenance of borough roads |
36,698 | 30,058 |
| Maintenance of borough bridges including strengthening |
15,913 | 13,290 |
| Walking initiatives |
6,553 | - |
| Bus Stop accessibility |
3,458 | - |
| Interchanges |
3,693 | - |
| Streets for People |
4,928 | - |
| Safer Routes to Schools |
7,894 | - |
| 20 mph zones |
4,095 | - |
| Other projects | 38,012 | 14,473 |
| 912,106 | 600,631 | |
* Prior to the transfer of London Underground to TfL in July 2003, LUL received Transport Grant from London Regional Transport amounting to £695.1 million (year ended 31 March 2003 £767.0 million).
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