Page 6 - Simon Kilonback News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A succession of short terms funding deals for Transport for London (TfL) from government could jeopardise investment plans such as the redevelopment of the Elephant & Castle tube station, the organisation finance boss has warned. Speaking at last week’s TfL programmes and investment committee meeting, chief financial officer Simon Kilonback made the comments after a temporary 10 day funding deal was secured through to 28 May. "If we continue to get a succession of short-term deals, some really strategic and important investments like the Elephant & Castle station redevelopment will simply b...

The congestion charge will likely remain at £15 for at least a year and could be made permanent, according to reports. Transport for London bumped up the levy from £11.50, extending it to evenings and weekends, as part of the first bailout agreement with Government in May. While the changes were initially intended to be temporary, TfL’s budget for the next financial year assumes the hike will remain in place, the Standard reports, although a consultation and formal decision by the Mayor will be required on the issue. Heidi Alexander, the deputy mayor for transport, said: “In the...

The congestion charge will likely remain at £15 for at least a year and could be made permanent, according to reports. Transport for London bumped up the levy from £11.50, extending it to evenings and weekends, as part of the first bailout agreement with Government in May. While the changes were initially intended to be temporary, TfL’s budget for the next financial year assumes the hike will remain in place, the Standard reports, although a consultation and formal decision by the Mayor will be required on the issue. Heidi Alexander, the deputy mayor for transport, said: “In the...

The congestion charge will likely remain at £15 for at least a year and could be made permanent, according to reports. Transport for London bumped up the levy from £11.50, extending it to evenings and weekends, as part of the first bailout agreement with Government in May. While the changes were initially intended to be temporary, TfL’s budget for the next financial year assumes the hike will remain in place, the Standard reports, although a consultation and formal decision by the Mayor will be required on the issue. Heidi Alexander, the deputy mayor for transport, said: “In the...