Government bailout to keep London transport running

The Government has agreed a second funding and financing package for Transport for London worth up to £1.7bn. The package, which will provide financial support until March 2021, is focused on protecting services and ensuring the Capital’s transport network stands ready to support the recovery from COVID-19. Government funding will ensure those who need to, such as NHS staff, can continue to be able to travel as the nation enters tougher national restrictions.

As with the national rail operators, buses and tram systems, the Government will make up all the fare revenue which TfL has lost due to the COVID pandemic through this support package.

NSAR will continue to support rail operators ensuring they have access to an extensive network of skills and expertise to coincide with the government financial support.

To see how NSAR  can support you or your organisation, visit https://nsar.freshdesk.com/support/home and submit a ticket.

Leave a Reply

Your email address will not be published. Required fields are marked *