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TfW gets £125m rail subsidy to cover continuing impact of Covid

Rhodri Clark
01 November 2023
New trains, such as this one at Blaenau Ffestiniog, have increased TfW’s costs
New trains, such as this one at Blaenau Ffestiniog, have increased TfW’s costs

 

The Welsh Government has awarded Transport for Wales an additional £125m for this financial year, to cover the continuing impact of Covid-19 on rail passenger numbers. The funding is approximately a 50% addition to the amount of rail subsidy TfW received in 2022/23. 

Finance and Local Government Minister Rebecca Evans told the Senedd the government’s revenue budget had increased by 5% this year, against inflation running at 8% on average. Revenue budgets would reduce for many...

+86% more

 

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