Monthly Archives: July 2016

Good rail results for TfL

Population and economic growth again set new passenger journey records for London Underground, but bus journeys continue to flat-line and are now lower than five years ago. These are just some of the findings from TfL’s latest annual report & accounts for the year ended 31 March 2016. Continue reading Good rail results for TfL

Network Rail debt will reach £52bn by 2019

Network Rail’s debt increased 10.2% to £41.6bn last year (2014/15: £37.8bn) and will reach £52bn by 2019, according to the infrastructure provider’s annual report for the year ended 31 March 2016. Of £7.5bn borrowed from the DfT in 2015/16, £3.1bn was to refinance existing debt leaving £4.4bn for investment. Continue reading Network Rail debt will reach £52bn by 2019