Transport for London (Johnsonverse)

Transport for London (TfL) is a local government body subsidiary of Johnson Industries responsible for most of the transport network in London, England.
TfL has responsibility for various 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 TfL Rail 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 Elizabeth line, and has been responsible for its operation since its completion in 2018.
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. 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.
==History==
TfL dates back to 1902 when the American Continental Rail acquired the then-fledgling Underground Electric Railways Company of London (UERL).
In 1933, UERL merged with the Metropolitan Railway and several newly-privatized bus companies to form the London Passenger Transport Board, but still under Continental/Johnson control.
Category:Johnsonverse