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TfL secures funding of £3.5bn
TfL secures funding of £3.5bn

The future of TfL is looking more bright and certain. This week a settlement agreement was decided on between the government and TfL, supporting nearly £3.6 billion of projects.

This also includes upfront funding of just uner £1.2bn. It will ensure the network is not only protected against potential lost revenue caused by uncertainty of post-pandemic demand but will also enable the delivery of a number of projects set to revolutionise travel across London.

Plans include: brand new Piccadilly line trains, as well as modernisations and upgrades across the District, Metropolitan, Hammersmith and City and Circle lines for millions of Londoners. Specific upgrades include supporting the long-awaited repair of Hammersmith Bridge, the extension of the Northern Line and vital improvements to Elephant and Castle station.

Healthy Streets Programme will also be restored, to benefit walking and cycling in London.

The Mayor and TfL will be responsible for setting out and implementing these projects.

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