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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.
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22 Jul 20
London mayor Sadiq Khan has announced an independent review into future funding and financing options for Transport for London.
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15 Jul 20
Luton Borough Council has agreed a “horrendous” package of spending cuts after the airport operator it owns declared it could not make an expected £16m dividend payment due to Covid-19.
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8 Jul 20
The Covid-19 pandemic poses a fundamental threat to existing funding models for public transport, according to a report.
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7 Jul 20
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.
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23 Jun 20
The coronavirus crisis is set to compound existing transport funding challenges faced by local authorities, according to Mark Stevens.
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20 May 20
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...
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15 May 20
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...
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24 Apr 20
The Workplace Parking Levy makes Nottingham City Council nearly £10m a year, and has paid for an extension to its tram network. The authority's former leader Graham Chapman outlines how to sell the...
15 Jan 21Following 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.
15 Jan 21Proposed 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...
4 Dec 20The government has confirmed that Network Rail’s infrastructure budget for the next four years will shrink by £1bn, following the Spending Review.
2 Dec 20The Department for Transport has approved a £825m loan to the Transport for London to help complete the Crossrail scheme.
9 Nov 20Transport for London will rely on future government support until 2023, after agreeing two bailouts this year, according to ratings agency Moody’s.
2 Nov 20Transport for London has agreed a second bailout with the government worth up to £1.8bn, to help keep services running through Covid-19.
29 Oct 20Tyne 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...
2 Oct 20Pre-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
21 Sep 20The government has pre-empted the publication of its independent review of rail transport by announcing the end of rail franchising after almost 25 years.
18 Sep 20Infrastructure 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?
8 Sep 20We 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...
10 Aug 20Nearly £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.
8 Jul 20The Covid-19 pandemic poses a fundamental threat to existing funding models for public transport, according to a report.
23 Jun 20The coronavirus crisis is set to compound existing transport funding challenges faced by local authorities, according to Mark Stevens.
28 Sep 21
19 Oct 20 to 22 Oct 20
