Transport for London: Finance

(asked on 22nd June 2021) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, for what reason the Extraordinary Funding and Financing Agreement for Transport for London contains a number of conditions while the operational support payments to franchised passenger rail operators under emergency agreements contain no conditions.


Answered by
Rachel Maclean Portrait
Rachel Maclean
This question was answered on 30th June 2021

The Government is seeking to steer Transport for London towards a financially sustainable position by April 2023 and as well as offering substantial financial support, the Extraordinary Funding and Financing Agreement contains a number of conditions which reflect that position. This ensures that funding support achieves the best possible value for all taxpayers.

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