Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

TfL delays borough formula change

25 October 2019
 

Transport for London has delayed making changes to how it allocates the ‘corridors, neighbourhoods and supporting measures’ grant to boroughs until March 2022. TfL consulted boroughs earlier this year on two options for changing how the formula grant, worth £63m this year, is allocated. Option one would have updated the data in the formula whereas option two would align the funding more closely with the mayor’s transport strategy (LTT 19 Jul). TfL was also keen to...

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