The Freewheeling Podcast

← The Freewheeling Podcast24 Jun · 17 min

Financial Sustainability at TfL - an Interchat With Andy Lord

Financial Sustainability at TfL - an Interchat With Andy Lord24 Jun17 min

What’s it like running the biggest integrated transport authority in the world when there’s not enough money around?

In today’s Interchat with Transport for London Commissioner Andy Lord, we discuss TfL’s role in economic growth and job creation - and the huge challenge of an ageing asset base.

Financial sustainability is hard for any organisation but when you need to keep fares low for social purposes and need to spend £1.1bn on renewing your existing asset bases, it’s incredibly hard.

In this Interchat, we discuss how TfL’s attempting to square the circle.

Interchats are a series of short conversations recorded on the conference floor at Interchange 26 in Manchester.