Transport for London (
TfL) is a local government body responsible for the
transport system in Greater London, England.
[2] Its head office is in
Windsor House in the
City of Westminster.
[2]
TfL has responsibility for London's network of principal road routes, for various rail networks including the
London Underground,
London Overground,
Docklands Light Railway and
TfL Rail, for London's trams, buses and taxis, for cycling provision, and for river 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 is also responsible, jointly with the national
Department for Transport (DfT), for commissioning the construction of the new
Crossrail line, and will be responsible for franchising its operation once completed.
[3]
In 2015–16, TfL had a budget of £11.5 billion, 40% of which comes from fares. The rest comes from government funding (23%), borrowing (20%), Congestion Charge and other income (9%) and Crossrail funding (8%).
[1]