1. Critical for London and the UK economy
    • We are the integrated transport authority responsible for operating the Capital's public transport network and managing London's main roads
    • Every day around 31 million journeys are made on our network
    • Constantly growing demand for services, with London's population set to reach around 10 million by 2030
  2. Strong statutory framework and relationship with Government
    • A public sector statutory corporation, created by primary legislation
    • Subject to the Local Government Prudential Borrowing regime, with limits on borrowing agreed with Government as part of our funding settlement
    • Required by legislation to produce a balanced budget each year
    • Immediate access to central government funding via the Public Works Loan Board virtually eliminates liquidity risk
    • Treated as part of Government in terms of Public Sector Net Debt by Office of National Statistics
  3. Strong record of meeting operational and investment goals
    • Consistent delivery of balanced Business Plan and key projects
    • Transparent financial planning and commitment to fiscal discipline
  4. Highly-rated issuer
    • Ranked within one notch below the UK Government by the three main rating agencies