Government agrees conditions-based £1.08 billion funding deal with Transport for London

On the 1st June the UK government agreed a third funding and financing package for Transport for London (TfL) worth around £1.08 billion, ensuring the continued running of London’s transport network as progress is made towards the government’s roadmap through the COVID-19 pandemic.

The settlement will provide financial support until 11 December 2021, ensuring crucial reforms are accelerated to ensure TfL becomes financially sustainable in the long term.

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