- Reference: 2020/3511
- Question by: Alison Moore
- Meeting date: 15 October 2020
The TfL Business Plan 2016 sets out TfL’s plans for the five years from 2017/18 to 2021/22. It says, “The Transformation Programme will not only drive down costs but change the way TfL operates, keeping us on a solid and sustainable financial footing. It will deliver some £4bn in cost reductions; £2bn of savings from improving procurement and renegotiating contracts; £2bn of savings across the plan years from a new TfL operating model.” Can you provide details on what the costs of procurement/contracts and the operating model were in 2016/17 so we can see how a £2bn reduction in each...