Recovering passenger levels and a real-terms reduction in running costs will help Transport for London reach an operating surplus a year after it agreed funding settlement with the government.
A judge has ruled in favour of Greater Manchester mayor Andy Burnham’s plan to bring bus services back under public control after two companies brought a judicial review against the plans.
Transport for London has agreed a new three-month £200m funding package with the government, to help keep services running while a long-term settlement is arranged.
The government has agreed to extend Transport for London’s support package until the end of this week, as the network seeks an agreement on a long-term funding settlement.
Edinburgh City Council is set to allocate up to £9.25m per-year from 2024 to fund the expansion of its tram network, following reduced fare income from Covid-19.
Transport for London is expected to slash its capital spending due to weakened passenger demand following the coronavirus pandemic, ratings agency Moody’s has predicted.
Pre-pandemic, rail in Britain was forecast to grow by more than a third over the next two decades, but it will take extraordinary measures and levels of public money to get us back on track
The government has pre-empted the publication of its independent review of rail transport by announcing the end of rail franchising after almost 25 years.
We need resolute, ambitious action and the necessary financial, legislative and political support for local and combined authorities to deliver the right transport priorities for each region, says...
The government has been urged to allow councils to join forces to take over regulation of bus services, as part of an effort to improve the effectiveness of public subsidies.
A new transport strategy for the north of England has been set out by government and councils today, including options for a £65bn upgraded network of high-speed lines to boost connectivity across...
