Local authorities would be barred from receiving additional funding for bus services if they fail to enter into an ‘enhanced partnership’ or franchise scheme with bus operators, under new proposals.
Proposed cuts to government funding for public transport body Transport for the North would “undermine levelling-up” and put planned improvement works at risk, according to the group’s finance chief.
Transport for London requires an extra £2bn this financial year to cover the drop in revenues relating to Covid-19, or risk deterioration of the transport network not seen since the 80s and 90s, it...
Crossrail has announced further delays to the full opening of its service, meaning the line will not be fully operational until early 2022 and adding an additional £450m to the cost of the scheme.
Transport for London has borrowed £169m in the last two months from the Public Works Loan Board, as it looks to tackle the financial losses resulting from Covid-19.
London mayor Sadiq Khan has criticised the government’s support package for Transport for London, calling the deal “a sticking plaster” and arguing that Londoners will pay “the cost for doing the...
Transport for London is set to take over rail services in the capital from four private sector franchise operators under a plan agreed with government ministers.
Costly failures such as the government’s botched award of the West Coast mainline franchise will continue unless there is an ‘honest appraisal’ of the skills gaps in the civil...
