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New £3.6bn London transport funding deal agreed

A new £3.6bn government bailout to keep Tube trains, railways, buses and trams running in London has been agreed.

Wednesday, 31 August 2022

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  • TfL funding deal means tube fares must rise and bus services be cutSadiq Khan accepts ‘far from ideal’ settlement but says it secures long-term future for transport networkTube fares will rise and more bus services will be cut in the capital, the mayor, Sadiq Khan, warned, after Transport for London agreed to accept a £1.2bn funding settlement from the government.The deal, slightly improved from a “final offer” made in July by the transport secretary, Grant Shapps, was welcomed by TfL as allowing it to avert the “managed decline” of its transport network. Continue reading...

The Herald

  • Transport Scotland in Loch Lomond road legal rowA PUBLIC spending watchdog is being urged to sanction Transport Scotland executives for forging ahead with a £150m upgrade to a Loch Lomond road without conducting legally required impact assessments.

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