Transport For London Government Funding Discussions (2745C)
21 2월 2022 - 6:23PM
UK Regulatory
TIDM40CT
RNS Number : 2745C
Transport For London
21 February 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")
21 February 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 25 February 2022.
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 was subsequently extended.
On 17 December 2021 TfL announced that the terms of the Funding
Package had been amended to extend the funding period to 4 February
2022, which was subsequently extended to the 18 February 2022, to
allow TfL to continue discussions with the government in relation
to further financial support.
Following further discussion, the terms of the Funding Package
have now been amended to define the funding period as 29 May 2021
to 25 February 2022. Other provisions of the Funding Package remain
materially the same, including the Top Up Grant mechanism, pursuant
to the terms of the Funding Package.
The original terms of the Funding Package announced on 1 June
2021 can be found at:
https://content.tfl.gov.uk/tfl-extraordinary-funding-and-financing-settlement-letter-1-june-2021.pdf
For further information, please contact:
Transport for London
5 Endeavour Square
London
E20 1JN
Email: GroupTreasury@tfl.gov.uk
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END
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