Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Bank of England’s Bailey defends bond sale programme

      Governor Andrew Bailey has launched a defence of the Federal Reserve's independence.

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      People named Mark called upon to raise money at London charity golf day

      Breaking news concept with digital globe and newspaper headlines on a blue background, representing global journalism.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      The best places to eat sandwiches in Lisbon, from bifanas to pregos

      Bifana do Afonsos famous bifana sandwich showcasing tender pork in a freshly baked roll with savory sauce.

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Tuesday 09 April 2019 7:21 pm  |  Updated:  Monday 03 June 2019 1:37 am

Transport heads raise concerns over Sadiq Khan’s plans for TfL takeover of Network Rail

Leading Assembly members have raised concerns over Sadiq Khan’s headline-grabbing plan for Transport for London (TfL) to take over key routes and stations from Network Rail in London.

Last month the London mayor said responsibility and funding for key rail assets such as tracks and stations should be transferred to the transport body to plug the communication gap between the rail operators and Network Rail, the current provider of the infrastructure.

He said devolving responsibility to TfL would enable it to run a metro-like service in and out of London where trains would run as frequently as the Tube.

However, questions have been raised as to how TfL, which is straddling a deficit of £500m – reduced from £1bn – would be able to take on Network Rail’s assets, when the railway owner’s debt amounts to £50bn.

Read more: Sadiq Khan says TfL should be responsible for London's rail infrastructure

It has emerged that TfL has yet to carry out any assessments of the liabilities its stretched balance sheet would have to absorb as a result of any potential policy.

Keith Prince, the Conservatives’ transport spokesperson in the London Assembly, told City A.M: “Once again, Sadiq hasn’t done his homework. With a £50bn debt, taking on Network Rail’s assets would be a great burden. Sadiq is good at creating debt so perhaps he wants to improve on his record of putting TfL into a £1bn deficit by taking on another £50bn.”

He added: “In principle, the Conservatives are not opposed to TfL being responsible for metro services in London, but on the mayor’s record there is no way we could agree to him being in charge of anything.”

Caroline Pidgeon, chair of the assembly’s transport committee, said that while she was in favour of any London mayor having control over the suburban train services, full control of rail infrastructure may not be necessary.

“Instead of constantly talking about long-term changes the current mayor needs to concentrate on getting the basics right and ensuring he uses his existing powers to full effect,” she said.

“A Boxing Day service could for example operate on the London Overground this year – that is entirely down to the mayor of London. Getting to grips with the fiasco of the Barking to Gospel Oak line should also be at the very top of Sadiq Khan’s in-tray.”

“The mayor should stop constantly making excuses and take charge of what he is actually responsible for.”

A spokesperson for Khan said: “The mayor believes that in the long-term devolving London’s suburban rail services and infrastructure to TfL will improve the unreliable and dysfunctional service currently provided by the private rail companies and unlock existing, unused capacity.

Read more: TfL scraps Brunei adverts amid LGBT controversy

“TfL’s recently published strategic case for metroisation sets out our ambition for the coming decades – it is not a document about specific funding arrangements.

“Ultimately, the current system is broken beyond repair and there is a chronic lack of coordination between the rail operators and the providers of the infrastructure.”

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Transport & Infrastructure

Related Topics

  • Network Rail
  • People
  • Sadiq Khan
  • Transport for London

Trending Articles

  • London Tech Week sums up everything wrong with UK tech

  • Inflation expectations at record high in interest rates signal

  • KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants

  • FTSE 100 Live: BP and Shell subdue City stock rally as oil price tumbles

  • New Gluten-Free Bread Binder Simplifies the Recipe — and Boosts Bread Quality

More from CityAM

  • Time to network the rail

    Opinion
    Kings Cross Coal Drops Yard bustling with shoppers and visitors amidst modern architecture and vibrant store displays
  • TfL decommissions Oxford Circus air conditioning despite sweltering heat

    Transport & Infrastructure
    Nationwide found that 60 per cent of Londoners use trains or the Tube every week.
  • Tube strikes called off in last-minute U-turn

    Transport & Infrastructure
    No 10 has called on Sadiq Khan to take action to end tube strikes.
  • Fideres Study Finds TfL Fare Zones Disproportionately Burden Ethnic Minority Commuters

    Business Wire
  • ‘Defining moment’: UK’s largest train operator enters public ownership

    Politics
    The Arterio trains are five years behind schedule due to a protracted dispute with unions over its safety, and a number of seperate faults.
  • Challenge Cup: Wigan Warriors chief slams Network Rail over train chaos

    Sport Business
    Business professionals collaborating in a modern office setting, discussing financial strategies and reviewing data on dig...
  • New HS2 budget to blow £33bn hole in public finances

    Transport & Infrastructure
    HS2 construction worker inspecting tunnel progress, showcasing infrastructure development and engineering expertise
  • ‘Obscene’ – HS2 on track to cost at least £102bn as minister slams ‘gold-plated folly’

    Transport & Infrastructure
    HS2 construction progress at Birmingham station with cranes and workers, highlighting UKs high-speed rail project development
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
Copyright 2026 CityAM Limited