Whilst there is certainly an element of double standards here, unfortunately the Elizabeth line isn't contributing much to overall revenue due to the short nature of most of the journeys - not to mention the fact that the lion's share of that revenue is going straight to TfL.
The line as a whole is (AIUI) due to break even imminently due to how high usage has been. How that is actually seen by the treasury due to the DfT/TfL split I don’t know.
Equally, the reason why hypothetical alternative 'non Covid' comparisons have to be made is that this is what investments and costs are based on. The industry would otherwise certainly not have grown or invested as much as it did immediately prior to Covid.
No indeed, albeit there is a political decision around looking for short term costs at the expense of further growth. The investments made were for the next few decades, and that growth will still come eventually, so I would argue the focus now really should be on how best to grow revenue further, rather then quibbling over relatively paltry sums in government spending terms.
Sadly the current government clearly disagrees!
There is a key difference - the CCOS is owned by Rail for London (a TfL subsidiary)*, whereas the Thameslink Core is owned by Network Rail. So access payments from EL to NR are only charged for Stratford - Shenfield and West of Paddington.
* - The ELL between New Cross Gate and Dalston Junction (and possibly into Highbury & Islington) is also RfL infrastructure.
Good points. As usual the pathetic politicking between central government and TfL gets in the way of a coherent and sensible railway strategy.