A fourth extraordinary funding settlement has been agreed by the Government and Transport for London. This is Battersea Power Station on the Northern Line Extension. PHILIP SHERRATT/MODERN RAILWAYS
The Government and Transport for London have agreed a fourth extraordinary funding settlement which will run until 24 June. It replaces a previous package which expired on February 25.
Worth £200 million, the deal also includes the potential for a longer-term capital investment settlement for TfL which would be agreed before the start of the next financial year. The Government says this ‘will be dependent on the Mayor and TfL’s cooperation with the Government, including providing sufficient information regarding its capital investment plans and meeting conditions set out in the previous settlement.’
Th
