Transport For London Government Funding Discussions (1227U)
July 28 2022 - 6:19AM
UK Regulatory
TIDM40CT
RNS Number : 1227U
Transport For London
28 July 2022
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No 596/2014 (as it
forms part of Retained EU Law as defined in the European Union
(Withdrawal) Act 2018).
Transport for London ("TfL")
28 July 2022
Government Funding Discussions
TfL announces that the current extraordinary funding and
financing agreement between TfL and the Department for Transport
("DfT") has been extended to Midday on 03 August 2022.
On 25 February 2022 TfL announced that a funding and financing
package (the "Fourth Funding Package") had been agreed between TfL
and the DfT to support transport services in London for the period
from 26 February 2022 to 24 June 2022, which was subsequently
extended to 13 July 2022. TfL then announced on 13 July 2022 that
the Fourth Funding Package had been extended to 28 July 2022.
The terms of the Fourth Funding Package and a preceding package
announced on 1 June 2021 which was subsequently the subject of
various extensions through to 25 February 2022, can be found
at:
https://content.tfl.gov.uk/tfl-extraordinary-funding-and-financing-settlement-letter-25-february-2022.pdf
https://content.tfl.gov.uk/tfl-extraordinary-funding-and-financing-settlement-letter-1-june-2021.pdf
On 22 July 2022 TfL announced that DfT had provided TfL with a
draft proposal for a Long Term Funding Settlement, the terms of
such proposal being subject to agreement and that TfL would review
the proposal. TfL continues to review the draft proposal a nd as
previously announced will provide a further 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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