Commons Sense

House of Commons · Written Ministerial Statement

Transport Update

13 July 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 funding settlement has been extended by two weeks until July 28th.
  • The extension aims to provide time for resolving pension deadlines and other ongoing issues.
  • Discussions are underway for a longer-term funding agreement with TfL.

Issue summary

The statement discusses an extension of TfL's funding settlement, originally set to expire on July 13th, to July 28th.

Action requested

The government has extended TfL's funding settlement by two weeks to allow time for resolving ongoing issues such as pension deadlines and to ensure financial sustainability. Discussions are ongoing for a longer-term funding agreement.

Key facts

  • Since the start of the pandemic, £5bn in funding was provided through extraordinary funding settlements.
  • The current extension is due to unsatisfactory progress on meeting agreed deadlines by TfL.
  • Government's condition for support includes reaching financial sustainability by April 2023.
▸ Assessment & feedback
Summary accuracy