Centre for London response to long-term funding deal for Transport for London

Responding to the announcement of a multi-billion pound settlement for Transport for London until 31 March 2024, Nick Bowes, Chief Executive, Centre for London said:

“There’ll be a huge sigh of relief from Londoners and London’s businesses at the news a deal has been reached on TfL funding. For two years, this crisis has rumbled on, causing untold damage to TfL, eroding confidence in the city and leaving Londoners worried that the buses and tubes could stop running at any moment. While we await full details of the deal and conditions that come with the funding, TfL can now get on with its job of running the city’s transport system and planning for the future without having to worry day to day over its very survival.”