The new year will see a number of changes to the capital’s Taxicard scheme and the Private Hire (minicab) element of Dial-a-Ride services, starting with the introduction of a new maximum fare guarantee for Taxicard members from January 1st.
The delay is expected to cost TfL up to £600m in lost fares revenue, with millions more lost in commercial income, on top of which TfL and City Hall need to repay a £1.4bn Government loan made to allow construction to be completed.
Passenger services were originally due to start this month but in August, Crossrail Limited, the special purpose company set up by Transport for London and the Department for Transport to build the railway, City Hall and TfL said the opening would be delayed.
The cap, which is already available to passengers paying by contactless card and smart devices, ensures passengers never pay more than the cost of a weekly travelcard.
London Assembly members have called on Transport for London and Network Rail to work together to ensure passengers “have a rail network that is fit for purpose”.