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...
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’...
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.
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.
The Greater Manchester Combined Authority’s decision to press ahead with a £135m franchising plan is premature, according operators bringing a legal challenge.
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.
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.
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...
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.
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.
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.
