A TfL spokesman said:

"Bob Kiley has not been offered any extension to his current contract.

"Bob Kiley's contract continues until January 2005. Any announcement regarding any potential extension can only be made after the Mayoral election later this year.

"TfL publishes details of employees' remuneration in its Annual Report and to the London Assembly.

"Today's Evening Standard is another case of disappointing fabrication, which does not bear any relation to reality."