House of Commons · Written Ministerial Statement
Transport Update
07 February 2022 · Department for Transport
Proposed by Grant Shapps Con Welwyn Hatfield
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- Transport for London's current funding settlement is extended by two weeks to February 18, 2022
- The government is in discussions for a fourth funding settlement with TfL
- This interim measure aims to ensure financial sustainability and maintain certainty for London residents as restrictions ease
Issue summary
The statement discusses an interim extension of TfL's funding settlement.
Action requested
The government has extended TfL's current funding by two weeks to 18 February and is in discussions for a fourth funding settlement. This short-term measure aims to finalise terms that support financial sustainability while maintaining certainty for Londoners as restrictions ease.
Key facts
- Over £4.5bn of funding has been provided since the start of the pandemic.
- The interim extension runs from February 4, 2022, until February 18, 2022.
- Government aims for TfL to reach financial sustainability by April 2023.
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Assessment & feedback
Summary accuracy