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Transport Update
07 February 2022
Type
Written Ministerial Statement
Department
Department for Transport
At a Glance
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