Fare’s unfair
I am told that bus ridership using PAYG Oyster in 2007/8 was 344,979,000. If you will allow me to assume bus ridership has remained level and remains level after the price increase for that segment from £1 to £1.20, it raises around £69m.
That happens to be about the cost of scrapping the WEZ.
Before Boris started axing them, there were 396 bendy buses in London. They are being replaced at a cost of £250,000 each, giving a grand total of £99,000,000.
And that’s before we allow for the £13m per year extra London TravelWatch thinks it will cost on those routes.
I think Simon Fletcher might agree with me.
xD.
October 15th, 2009 at 5:02 pm
[...] healthy TfL reserves and has bought this for the most part on himself is gaining traction. As Dave Cole notes, the extra revenue to be raised by the incredible 20% increase in Oyster Pay-as-You-Go fares on [...]
October 16th, 2009 at 10:39 am
[...] defended the very bankers who caused the recession, been ‘bought off’ by hedge funds, wasted a huge amount of money scrapping bendy buses, and created a financial black-hole by getting rid of the Western Extension [...]