Transport for London to slash capital spend as part of £1bn bailout deal

By Jordan Marshall2021-06-02T09:08:00

Latest agreement runs until December

Transport for London has said it will rethink its capital works programme for the coming years after coming to a £1.08bn funding agreement with the government.

The transport body has been in long-term negotiations with the government to secure funds after its income was slashed as passengers stayed away from the network because of the covid-19 pandemic.

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