Transport for London’s board is set to meet next Tuesday to discuss the government’s long-term funding deal.
London’s financial paper City AM says TfL has confirmed the meeting will take place, but it remains unclear whether the board will accept the proposal made by transport secretary Grant Shapps on 22 July.
TfL has been negotiating with government officials over the £3.6 billion funding for more than a month to ensure the deal’s conditions were “fair and deliverable.”
City AM says that, according to TfL officials, without a proper long-term investment, the London network will fall into a “managed decline” scenario, which would include a raft of cuts to bus routes as well as underground service reductions.
(Picture – Highways News)