TfL boosts income: by increasing fines |
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| Written by Gary Howes | |
| Friday, 10 October 2008 | |
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TfL places massive hike on penalty fare from £20 to £50.
Transport for London (TfL) have turned to increasing fines to help contribute to the estimated funding gap estimated at £1.4bn. Of course that is not the official reason given by the Mayors office which says it is unfair when people travel without paying their fares.The Mayor has also appealed to the Government to plug the gap needed to upgrade the transport infrastructure. Of course there will be an incentive put in place to ensure all those that are paying their fines do so early. It will be dropped to £25 if paid within 21 days. Fare evasion is estimated to cost Londoners £70m a year, and the Mayor is determined to tackle this. How is the cost of fare evasion estimated? The level of fare evasion on each mode is as follows: On the Trams fare evasion is 3.6 per cent while on London Overground the rate stands at 3 per cent. On Buses the fare evasion rate is 2.8 per cent. On the Tube the fare evasion level is 2 per cent. The DLR has the lowest level of fare evasion at 1.7 per cent Steve Burton, Director of Community Safety, Enforcement and Policing, said: "While the level of fare evasion on the network is low, it continues to cost Londoners millions of pounds every year." TfL is legally required to give at least three months notice of the penalty fare increase and legal notices to this effect will appear today. |
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