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6 Apr 21
The government faces legal action over allegations it designed the £4.8bn Levelling Up Fund for electoral advantage.
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6 Apr 21
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.
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26 Mar 21
The Greater Manchester Combined Authority’s decision to press ahead with a £135m franchising plan is premature, according operators bringing a legal challenge.
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22 Mar 21
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.
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15 Mar 21
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.
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11 Mar 21
A strategic transport network for the whole UK is likely to garner more support if funding is not taken from existing devolved budgets, according to interim findings by a government-commissioned...
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2 Mar 21
It is not too late for the chancellor to show the government is serious about its aim of ‘levelling up’, says IPPR North’s Marcus Johns.
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19 Feb 21
Transport for the North has scrapped its proposed contactless payment scheme after a reduction in central government funding.
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15 Jan 21
Following the news that TfN’s annual budget for next year has been cut by the government, PF spoke to Iain Craven, director of finance at the group to shed further light on the situation.
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15 Jan 21
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...
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4 Dec 20
The government has confirmed that Network Rail’s infrastructure budget for the next four years will shrink by £1bn, following the Spending Review.
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2 Dec 20
The Department for Transport has approved a £825m loan to the Transport for London to help complete the Crossrail scheme.
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1 Dec 20
The Department for Transport paid out £309m more to railway operators than it received from income in 2019-2020, according to the National Audit Office.
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9 Nov 20
Transport for London will rely on future government support until 2023, after agreeing two bailouts this year, according to ratings agency Moody’s.
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2 Nov 20
Transport for London has agreed a second bailout with the government worth up to £1.8bn, to help keep services running through Covid-19.
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29 Oct 20
Tyne and Wear Metro saw a 95% reduction in passengers at the beginning of lockdown. John Fenwick, director of finance and resources at the network’s owner and operator, Nexus, tells PF about the long...
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15 Oct 20
The Scottish Government is set to allocate an additional £52.6m to maintain bus services during the Covid-19 pandemic.
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2 Oct 20
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
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29 Sep 20
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...
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21 Sep 20
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.
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18 Sep 20
Infrastructure investment is seen as vital to post-pandemic recovery, but is it possible to provide a public transport network without the passenger numbers to fund it?
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8 Sep 20
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...
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24 Aug 20
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.
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10 Aug 20
Nearly £300m of funding for public transport has been announced by the government as it hopes to get people back to work and education following the easing of lockdown measures.
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30 Jul 20
Tramlink, a Private Finance Initiative which runs Nottingham City Council’s tram network is losing £404,000 a week as a result of Covid-19, the authority has revealed.