TfL proposes control period-style funding

Funding

Transport for London wants a long-term capital funding settlement from Government similar in style to the five-year control period settlements Highways England and Network Rail receive. 

The idea is proposed in TfL’s  Financial sustainability plan, which will inform negotiations with the Government on a new Covid-19 emergency settlement.  

TfL is asking for £3.1bn of Government support in 2021/22 to make up for the huge shortfall in passenger income caused by...

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