Transport For London Transport for London - capital funding settlement (1292X)
18 12월 2023 - 4:12PM
UK Regulatory
TIDM40CT
RNS Number : 1292X
Transport For London
18 December 2023
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)
18 December 2023
Transport for London - capital funding settlement
TfL announces that a capital funding settlement of GBP250m has
been agreed between TfL and the Department for Transport ("DfT") to
enable TfL to continue to deliver its current capital programme and
its committed major capital projects, prioritising the first phase
of the Piccadilly Line Upgrade.
The Long-Term Funding Settlement previously announced on 30
August 2022, which continues until 31 March 2024, recognised the
need for Government to support major capital enhancements and major
renewals, alongside TfL identifying cost reduction and generating
new sources of revenue. This capital funding settlement provides
that Government support for these projects in financial year
2024/25.
A copy of the letter setting out the capital funding packaged
dated 15 December 2023 will shortly be available from the following
page of our website:
https://tfl.gov.uk/info-for/investors/funding-letters
For further information, please contact:
Transport for London
5 Endeavour Square
London
E20 1JN
Email: GroupTreasury@tfl.gov.uk
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