TfL 'must reveal cost of fare freeze'published at 10:13 Greenwich Mean Time 14 November 2018
Members of the London Assembly are calling on Transport for London (TfL) to reveal the cost of a second fare freeze on public transport.
The Mayor of London Sadiq Khan has frozen fares across the network until 2020- costing TfL's budget an estimated £640m over four years.
TfL is running on a deficit of £1bn.
The London Assembly Budget and Performance Committee says a further freeze must not "tip TfL's finances into the abyss".
Gareth Bacon, external, Chairman of the Committee, said:“TfL clearly has some way to go to become a financially sustainable public body.
“Freezing fares is a political decision that the Mayor can take but Londoners deserves to know exactly how much it will cost.
“TfL needs to have a period of calm in which they make sensible, sure-footed and long sighted financial decisions as part of a concrete plan to get out of the financial doldrums it has found itself in.”