Transport for London

Transport for London (TfL) is a local government body responsible for most of the transport network in London, United Kingdom.[2]

Transport for London

Abbreviation	TfL
Formation	3 July 2000; 22 years ago (2000-07-03) (Greater London Authority Act 1999)
Type	Statutory corporation
Legal status	Executive agency within GLA
Purpose	Transport authority
Headquarters	5 Endeavour Square London E20 1JN
Region served	London, England
Chairman	Mayor of London (Sadiq Khan)
Commissioner	Andy Lord
Main organ	London Underground Elizabeth line London Buses London Rail London Streets London Overground
Parent organisation	Greater London Authority (GLA)
Budget	2019–20: £10.3 billion (47% of this from fares)[1]
Staff	28,000
Website	tfl.gov.uk

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TfL has responsibility for multiple rail networks including the London Underground and Docklands Light Railway, as well as London's buses, taxis, principal road routes, cycling provision, trams, and river services. It does not control all National Rail services in London, although it is responsible for London Overground and Elizabeth line services. The underlying services are provided by a mixture of wholly owned subsidiary companies (principally London Underground), by private sector franchisees (the remaining rail services, trams and most buses) and by licensees (some buses, taxis and river services). TfL was also responsible, jointly with the national Department for Transport (DfT), for commissioning the construction of the new Crossrail Project and is now responsible for franchising its operation as the Elizabeth line.[3]

In 2019–20, TfL had a budget of £10.3 billion, 47% of which came from fares. The rest came from grants, mainly from the Greater London Authority (33%), borrowing (8%), congestion charging and other income (12%). Direct central government funding for operations ceased in 2018.[1] In 2020, during the COVID-19 pandemic in the United Kingdom, TfL sought urgent government support as fare revenues dropped 90%, and proposed near 40% cuts in capital expenditure.