Request ID: FOI-2644-2324 Date published: 16 November 2023
You asked
Could you please explain exactly what the following statement from TFL actually means?
“Agreement has now been reached by all sides to keep the Daily Travelcard. There’s been a lot of back and forth between TfL, Rail Delivery Group and Government in recent weeks and a good compromise has been found."
Could you also please tell me how this agreement was brokered and exactly how much money was paid to TFL and by whom and/or how much money has been promised to TFL and by whom?
We answered
TfL Ref: 2644-2324
Thank you for your request received by Transport for London (TfL) on 24 October 2023 asking for information about Daily Travel Cards.
Your request has been considered in accordance with the requirements of the Freedom of Information Act and our information access policy. I can confirm that we hold the information you require. You asked: Could you please explain exactly what the following statement from TFL actually means? “Agreement has now been reached by all sides to keep the Daily Travelcard. There’s been a lot of back and forth between TfL, Rail Delivery Group and Government in recent weeks and a good compromise has been found."Could you also please tell me how this agreement was brokered and exactly how much money was paid to TFL and by whom and/or how much money has been promised to TFL and by whom?
The agreement that has allowed the Day Travelcard to be retained arose from discussions between TfL and the Rail Delivery Group as part of the follow-up to TfL giving notice of its intention to no longer accept or issue Day Travelcards. As of yet, no money has been paid to TfL. The proposal includes increasing Day Travelcards issued outside the London fare zones by an average of 3% above the normal fares increase in March 2024, which together with a change to the formula by which the revenue from Day Travelcards is split between TfL and Train Operating Companies, is expected to result in an equivalent revenue yield to TfL as would have been provided by withdrawing from the Agreement. This proposal has been approved by the Secretary of State for Transport and the Mayor of London. We expect the revenue yield to be in the region of £35m pa.
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Yours sincerely
Sara Thomas FOI Case Management Team General Counsel Transport for London
