The government has reached an agreement with Transport for London to supply £1.2bn of funding and additional capital support to avoid a “managed decline” in services.
Council leaders and transport bodies welcomed the final extension of Covid-19 bus funding, but warned a long-term settlement is crucial to improving local travel services.
The government has confirmed hundreds of millions of extra pounds in emergency Covid-19 support for Transport for London and tram services suffering due to reduced passenger numbers.
A review into Transport for London’s funding and finances is to begin immediately, transport secretary Grant Shapps has announced, following the agreement of a controversial £1.6bn rescue package...
