In 2016 the two organisations announced a five-year, non-exclusive deal which entitles Cubic to include software developed in-house by TfL as part of the contactless ticketing systems it provides to other transport operators.
TfL urged to explore Tube station sponsorship deals after poll shows public backing
The agency is currently running a £1 billion deficit and is likely to face even greater financial pressures following the decision to delay Crossrail’s opening until next Autumn as fares and commercial revenue from the new rail link had been factored into TfL’s business plan.
Metropolitan Police signs brand licensing deal in bid to offset budget cuts
A new range of Metropolitan Police branded merchandise is set to hit stores after the force hired brand extension specialists Point.1888 to identify commercial opportunities which, it’s hoped, will raise funds to help offset recent budget cuts.
TfL warns budget cuts could force it to close key roads, tunnels and bridges
Transport for London bosses have warned that they could be forced to introduce “major” traffic restrictions on some key routes, including the Rotherhithe Tunnel and Vauxhall Bridge, as a result of cuts to their road maintenance budgets.
Passenger watchdog expresses “alarm” at Sadiq and TfL’s plans to axe dozens of bus routes
TravelWatch Chair Arthur Leathley said the body was “concerned” at the scope of the changes which would increase journey times and make the bus less convenient for those passengers who rely on a local and accessible public transport mode being available to them.
