Nexus, the Tyne and Wear PTE, expects to slash a forecast deficit this year but has warned that public transport service reductions in the conurbation look unavoidable from 2018/19 onwards.
John Fenwick, Nexus’s director of finance and resources, told councillors that the PTE expects to reduce a forecast £3.659m deficit for 2016/17 to just £76,000.
The biggest contributory factor is £1.8m less spending on supported bus services due to rationalising and...
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