Transport for LondonOperational expenditure
Skip to navigationTfL's expenditure in 2005/06 reflected the Group'sincreased level of activity during the year.
Operating expenditure on the Underground remained largely unchanged on the previous year, increasing around 1 per cent to £1,966m.
On the bus network expenditure was up 8 per cent on the previous year to £1,555m. This increase principally reflects contract price increases for further service and performance improvements. However, these increases were lower than anticipated due to savings achieved via the contract tendering regime and other savings.
Operating expenditure breakdown (2005/06)
Expenditure by mode (£m)
In Surface Transport, there was also an overall increase in expenditure on Congestion Charging activity of £26m, primarily driven by work on the western extension.
TfL continued its commitment to borough schemes that improved the quality, safety and accessibility of the local travelling environment by providing a total of £168m of financial support to the BSP, and other borough programmes. Other financial assistance included payments related to Taxicard and to TOCs in respect of passenger safety measures such as CCTV.
During 2005/06, TfL continued its commitment to providing value for money and ensuring that public resources were used efficiently by achieving efficiency gains of £220m, up from £119m
achieved during 2004/05.Previous Page: Operational performance
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