Commons Sense

House of Commons · Written Ministerial Statement

Transport Update

27 June 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

  • Grant Shapps updates UK Parliament on an extension to the Transport for London funding settlement.
  • The extension lasts for 19 days, until July 13, 2022.
  • The government is committed to ongoing discussions with TfL for a longer-term capital settlement.

Issue summary

Grant Shapps is updating the UK Parliament on an extension to the current Transport for London (TfL) funding settlement due to unsatisfactory progress on certain conditions.

Action requested

The statement announces a short extension of TfL's funding settlement by 19 days to July 13, 2022. The government is committed to supporting London’s transport network and continues discussions with TfL for a longer-term capital settlement.

Key facts

  • £5bn funding provided since the start of the pandemic.
  • Funding extension from June 24, 2022 to July 13, 2022 due to unsatisfactory progress on conditions like pensions.
  • Target date for financial sustainability is April 2023.
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