TfL emergency funding extended by two weeks

TALKS between Transport for London and the Government have resulted in an additional two weeks of emergency funding, which will take TfL to the end of October.

TfL said that as its actual funding shortfall to 17 October was less than £1.6 billion, mainly caused by higher than expected numbers of passengers, the funding provided under the existing agreement can continue to be used and will remain sufficient while discussions continue throughout the next two weeks.

TfL said: ‘We continue to discuss our funding requirements with the government and hope these discussions can be concluded successfully soon, so we can help London through the next phase of the pandemic.

‘We have today agreed with the Government that our funding will be extended for two weeks so that these constructive discussions can be concluded.‘

source= http://www.railnews.co.uk/news/2020/10/16-tfl-emergency-funding-extended-by.html

Top