Failing to agree a new funding settlement with the government could leave Transport for London at risk of issuing a section 114 notice and having to stop all non-essential spending, its finance...
It is a battle that is being fought all over the world – with varying success. How can we raise our efforts to keep vehicles out of towns and cities, cutting traffic and creating cleaner air?
Rating agency Moody’s has downgraded Transport for London’s credit rating for the third time since the onset of Covid-19, partly down to ongoing uncertainty over long-term funding.
Network Rail could be forced to make yearly cuts of around £100m in maintenance spending up to 2023-24, leading to a reduction in services and greater safety risks for passengers,...
The Financial Reporting Council is set to investigate the financial statements of a transport operator, after the company was at the centre of an accounting scandal.
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 former operator of London and South Eastern Railway has returned £50m of funding overpayments to central government - more than £25m originally estimated.
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.
A West Midlands borough council failed to follow its own procedures when awarding SEND transport contracts and will likely need to restart the procurement process to avoid possible legal challenge.
English councils' net spending on highways and transport more than doubled last year, due to a reduction in income caused by Covid-19, according to outturn figures.
Mayors and council leaders in the Northern England are seeking discussions with the government to revive plans for a high-speed rail link to Leeds through a mechanism to capture rises in land values.
The government will take over day-to-day running of London and South Eastern Railway after the government sais that the company had failed to declare taxpayer funding.
The government’s 'levelling up' ambitions will only be met if Whitehall releases its grip on power over infrastructure planning and reforms the funding system, according to its own infrastructure...
The High Court has granted permission for a legal challenge against three government departments over the Levelling Up Fund, with the claimant saying it lacks fairness and accountability.
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.
Covid-19 and work overruns will mean Crossrail will exceed its current funding envelope, the government spending watchdog said in a report released today.
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.
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...
