The government has extended its financial support of Transport for London for a further ten days while discussions to agree a long-term funding package continue.
The existing package, introduced in the wake of the pandemic, was due to expire today following an earlier extension. TfL will now get an additional £65 million on top of the £3bn provided so far.
In a statement, Transport Secretary Grant Shapps said the latest extension “will provide certainty while we finalise the terms of the next funding deal which will get TfL onto a more financially sustainable footing.”
“Support for London needs to be balanced with the national recovery and ensure fairness and value for money for the taxpayer. The government will continue to work with TfL and the Mayor so TfL can be financially sustainable as soon as possible.”
A TfL spokesperson said: “We continue to discuss our funding requirements with the government and hope these discussions can be concluded successfully soon, to enable a strong and robust recovery from the pandemic. “