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Transport for London seeks second bailout as funding shortfall widens to £6.4bn
gt94sss2
Posts: 6,129 Forumite
Transport for London is set to ask the Government for a second bailout after the pandemic pushed its funding shortfall to £6.4bn.
The network will need total funding of £3.5bn from the taxpayer for the current financial year, according to a revised budget released on Friday – an increase of £300m from previous estimates.
The sluggish return of passengers means it will also require an additional £2.9bn for the financial year 2021-22, TfL said.
The network will need total funding of £3.5bn from the taxpayer for the current financial year, according to a revised budget released on Friday – an increase of £300m from previous estimates.
The sluggish return of passengers means it will also require an additional £2.9bn for the financial year 2021-22, TfL said.
https://www.telegraph.co.uk/business/2020/07/24/transport-london-seeks-second-bailout-funding-shortfall-widens/
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