Buyout by Transport for London In March 2008, TfL announced that it had reached agreement to buy TC for £98million. The purchase was finalised on 28 June 2008. The background to this purchase relates to the requirement that TfL (who took over from London Regional Transport in 2000) compensates TC for the consequences of any changes to the fares and ticketing policy introduced since 1996. In 2007, that payment was £4million, with an annual increase in rate. Despite this change, FirstGroup continues to operate the service.
Buyout by Transp.ort for London In March 2008, TfL announced that it had reached agreement to buy TC for £98million The purchase was finalised on 28 June 2008. The background to this purchase relates to the requirement that TfL (who took over from London Regional Transport in 2000) compensates TC for the consequences of any changes to the fares and t.icketing policy introduced since 1996. In 2007, that payment was £4million, with an annual increase in rate Despite this change, FirstGroup continues to operate the service.