TIDM40CT

RNS Number : 2008C

Transport For London

19 February 2022

Transport for London ("TfL")

19 February 2022

Government Funding Discussions

TfL announces that discussions with the Department for Transport (the "DfT") in relation to our future funding requirements are ongoing and that TfL remains in a position to meet its operational and contractual obligations in the near term, whilst discussions conclude.

On 1 June 2021, TfL announced that an extraordinary funding and financing support package (the "Funding Package") had been agreed between TfL and the DfT to support transport services in London and contribute towards TfL's forecast revenue loss due to reduced passenger numbers using TfL services as a result of the pandemic. The Funding Package initially provided support for the period from 29 May 2021 to 11 December 2021 and has subsequently been extended to 18 February 2022.

TfL continue to discuss funding requirements with DfT for the period beyond 18 February 2022, and will provide an update in due course.

For further information, please contact:

Transport for London

5 Endeavour Square

London

E20 1JN

Email: GroupTreasury@tfl.gov.uk

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