Transport for London says it remains in active discussion with the Government to ensure that the draft funding proposal that they have made is fair and deliverable and can prevent the “managed decline” of the capital’s transport network.
The transport body was told to respond to a £3.6 billion Government offer of funding this week, but the deadline has passed without a deal being done.
The Department for Transport says the Government is committed “to supporting London’s transport network.”
“But this must only be done in a way that is fair and represents value for money for taxpayers across the country.”
London’s Transport Commissioner Andy Byford said he hopes these discussions “can be concluded successfully soon”.
(Picture – Highways News)