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/ Before it is deregualated "in the early 1990s", London

30th June 1988, Page 20
30th June 1988
Page 20
Page 20, 30th June 1988 — / Before it is deregualated "in the early 1990s", London
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buses says it will be "restructuring into a dozen or so operating units which will trade as seperate companies with a view to privatisation".

Parent group London Regional Transport will remain actively involved in the Capital's bus administration, according to the organisation's statement of policy for 1988-1991. It will remain in charge of Victoria Coach Station, will be the registation body for commercial bus routes, and the owner of passengerrelated services such as bus stops and stations. LRT will also provide central travel information and administer concessionary fare schemes — but it will not be able to impose intergrated fares and tickets on bus operators after deregulation.

During the next three years, LRT predicts greater numbers of small buses, especially in the suburbs; 200 are already operating in London.

Tendering and contracting out of bus services will continue with the objective of securing more cost-effective services, and LRT says its trading loss will fall to £120 million in 1990/1991, from the 1988/1989 figure of 2215 million.

LRT will also continue to seek a more suitable site for Victoria Coach Station as its capacity will be reduced in 1989 with the loss of its reserve parking at Battersea Wharf.