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Metro cash ‘still leaves a funding shortfall’

Rail

26 June 2020
 

The government's second tranche of emergency funding to cover losses on the Tyne and Wear Metro during Covid-19 is more generous than the first but has not eliminated the funding loss, says Nexus, the Tyne and Wear PTE. 

Nexus has received support in two tranches; an initial £8.6m for the period 17 March to 9 June, and £7.6m for the period 12 May to 4 August. 

After the first payment was made, the PTE said it amounted to about 80 per cent of the income shortfall (LTT 15...

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