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Exacerbating the Financial Woes of Transport for London: A Long-term Impact of COVID-19

Mahadevia, Darshini; Lathia, Saumya

Transport for London (TfL) as a public utility has been crucial to the development of London, and though the financing model has not been able to withstand the challenges of the pandemic, it must be acknowledged that a public utility should not be completely cut-off from sources of financial relief, especially when its contribution to the economy is so significant. It also brings to fore the need for a more diverse financing strategy that is resilient to such setbacks.

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COVID-19, London Underground,
Financial Stability, Bankruptcy,
Public Transport