Smart Transport

TfL emergency funding extended to February 18

Brixton TfL Underground station

The Government has extended its emergency funding for Transport for London (TfL) until February 18 as both parties continue talks to reach a future agreement.

The emergecny funding has been extended multiple times, with the latest due to have ended on February 4.

A TfL spokesperson said: "The spokesperson added: "Working together, we must achieve a longer-term capital funding settlement for at least three years, that ensures London's transport network can remain reliable and efficient, can support the jobs and new homes that rely upon it and can support the economic recovery of the capital and the country as a whole. We hope these discussions can be concluded successfully soon.”

The funding update comes after the Mayor of London, Sadiq Khan, and TfL revealed proposals for the expansion of the ultra-low emission zone (ULEZ) to include Greater London and higher charges for all but the cleanest vehicles ahead of a possible road pricing scheme for the capital.

Ministers agreed a £1.08bn funding package to help TfL recover from the coronavirus pandemic in June. 

The bailout, which provided financial support for the hard-hit transport authority until December 11, followed two emergency support packages agreed in April and October 2020, and took Government support to TfL since March 2020 to more than £4bn.

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