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19 Jul 21
The government will allocate a further £56m to tram and light rail services in England to help keep services running through the Covid-19 recovery period.
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9 Jul 21
Covid-19 and work overruns will mean Crossrail will exceed its current funding envelope, the government spending watchdog said in a report released today.
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6 Jul 21
A massive increase in the cost to the public purse of rail services has not been matched by the transparency necessary to scrutinise the sector, according to MPs.
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16 Jun 21
Transport for London’s finances have been “durably and materially weakened” by Covid-19, ratings agency Moody’s said as it downgraded the body's rating for the second time since the start of the...
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11 Jun 21
Government at a local and national level needs to get to grips with the expiry of PFI contracts, says Public Accounts Committee chair Meg Hillier.
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21 May 21
Transport for London’s short-term outlook has been revised from negative to stable, due to government pledges to support the network's income pressures, according to ratings agency Standard and Poor’...
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20 May 21
Five-year business plans by a new oversight body, Great British Railways, will inform government decisions on funding for the rail sector under a shake-up of the system announced by the government.
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19 Apr 21
Bond sales will fund electric vehicle charging infrastructure in Greater Manchester after a crowdfunding platform launched a £4m offer.
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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.
19 Jul 21The government will allocate a further £56m to tram and light rail services in England to help keep services running through the Covid-19 recovery period.
9 Jul 21Covid-19 and work overruns will mean Crossrail will exceed its current funding envelope, the government spending watchdog said in a report released today.
6 Jul 21A massive increase in the cost to the public purse of rail services has not been matched by the transparency necessary to scrutinise the sector, according to MPs.
16 Jun 21Transport for London’s finances have been “durably and materially weakened” by Covid-19, ratings agency Moody’s said as it downgraded the body's rating for the second time since the start of the...
11 Jun 21Government at a local and national level needs to get to grips with the expiry of PFI contracts, says Public Accounts Committee chair Meg Hillier.
19 Apr 21Bond sales will fund electric vehicle charging infrastructure in Greater Manchester after a crowdfunding platform launched a £4m offer.
6 Apr 21The government faces legal action over allegations it designed the £4.8bn Levelling Up Fund for electoral advantage.
26 Mar 21The Greater Manchester Combined Authority’s decision to press ahead with a £135m franchising plan is premature, according operators bringing a legal challenge.
22 Mar 21The 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.
11 Mar 21A 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...
2 Mar 21It 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.
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.
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.
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...
