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Keep up to dateBy Daniel Gayne2022-08-31T08:48:00
Source: Shutterstock
20-month settlement follows succession of emergency agreements
After months of wrangling, the government and Transport for London (TfL) have struck a funding deal, securing the delivery of the latter’s planned £3.6bn capital investments.
The agreement funds TfL until 31 March 2024, with the transport body receiving base funding of around £1.2bn from government over that figure, as well as ongoing revenue support if passenger numbers do not recover at the rate budgeted.
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