Commons Sense

House of Commons · Written Ministerial Statement

Transport Update

21 February 2022 · Department for Transport

Proposed by Grant Shapps Con Welwyn Hatfield

Transport

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • Transport for London's current funding settlement is being extended by one week to February 25, 2022.
  • The extension allows time for the Mayor of London to consider and agree on the terms of the next financial settlement.
  • The government remains committed to supporting London's transport network through a fourth extraordinary funding agreement.

Issue summary

This statement addresses an interim extension of Transport for London's funding settlement.

Action requested

The government is extending TfL's current funding settlement by one week to February 25, 2022, allowing time for the Mayor of London to consider and agree upon the terms of the next financial settlement. Government remains committed to supporting London’s transport network through a fourth extraordinary funding agreement.

Key facts

  • The extension is from 18 February 2022 to 25 February 2022.
  • Since the pandemic, TfL has received over £4.5bn in support.
  • Government is offering a fourth extraordinary funding settlement.
▸ Assessment & feedback
Summary accuracy