Transport for London this week struck a £1.6bn deal with the Government to fill a gaping financial hole created by Covid-19.
The deal will keep services running until September. TfL estimates the full year cost of Covid-19 is likely to be about £3.2bn.
Features of the agreement include:
an above inflation fare rise next January
£505m of the £1.6bn as a loan
free travel is temporarily suspended for Freedom Pass and 60-plus card holders at peak times
a review of the...
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