Transport For London Government Funding Discussions (3527V)

TIDM40CT

RNS Number : 3527V

Transport For London

10 December 2021

Transport for London ("TfL")

10 December 2021

Government Funding Discussions

TfL announces that discussions with the Department for Transport (the "DfT") in relation to our future funding requirements are ongoing and that TfL remains in a position to meet its operational and contractual obligations in the near term, whilst discussions conclude.

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 provided support for the period from 29 May 2021 to 11 December 2021.

TfL continue to discuss funding requirements with DfT for the period beyond 11 December 2021 and understand that Government intends to extend the current arrangements to 17 December 2021. We await confirmation of that extension and its terms.

For further information, please contact:

Transport for London

5 Endeavour Square

London

E20 1JN

Email: GroupTreasury@tfl.gov.uk

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