<-- Back to proposed bills
Transport Update
21 February 2022
Type
Written Ministerial Statement
Department
Department for Transport
At a Glance
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