Nexus, the Tyne and Wear PTE, has submitted a request to the Government for capital and revenue funding for the Tyne and Wear Metro through to 31 March 2025. The requested revenue grant for operations amounts to £138.4m from 1 April 2020 until 31 March 2025. The current revenue grant is worth £26.1m in 2019/20. The requested capital grant for asset renewals (excluding the new train fleet and maintenance facilities), amounts to £164m from 1 April 2021 to 31 March 2025. The...
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