Transport for London: Finance

(asked on 21st October 2020) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, if he will take steps to exclude (a) the proposed building over of station car parks and (b) other capital projects from the scope of the Government’s funding proposals for Transport for London announced on 21 October 2020.


Answered by
Rachel Maclean Portrait
Rachel Maclean
This question was answered on 2nd November 2020

The Government has agreed a further extraordinary funding and financing package for TfL of up to £1.7bn to ensure the continuation of public transport services in London.

As part of this deal, the Mayor has chosen to make £160 million in savings over the next 6 months to move TfL onto a more financially sustainable footing.

Matters relating to the Mayor’s plans for housing development in London are devolved and subject to local planning consents.

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