Funding

News

"Not good financial management” - Scottish transport leader slams funding regime

Strathclyde Partnership for Transport Chief Executive makes plea for better planning.

Scotland 26 Mar

Feature

Getting rail funding back on track

There’s been much debate recently about whether Westminster politicians have lost interest in the railways.

Finance 19 Mar

Dyan Perry OBE Chair of High-Speed Rail Group

Comment

Dyan Perry OBE on funding high-speed rail projects

"Get over the cost factor – railways provide more than a century of economic benefit," says High-Speed Rail Group's new Chair.

Industry views 21 Feb

Network Rail engineers carry out wiring work on the Midland Main Line

Feature

How the rail industry must get better at project budgeting

Russell Jackson, Global Transit Director at AECOM set out the changes required to make costs more accurate.

Finance 23 Jan

News

TfL finances improve - but £500m funding gap remains

Transport for London’s funding gap will be lower than expected - but a £500 million shortfall still remains in the latter part of this financial year.

30 Jul

News

Call for quick decisions on post-COVID transport funding

Decisions should be taken “soon” on the future funding of transport, the Institution of Civil Engineers (ICE) has argued.

29 Jun

News

Recovery Group lays out plans for government rail funding cuts

Network Rail, train operating companies and unions have agreed to undertake “meaningful discussions” over how emergency government funding can be reduced.

15 Jun

News

London ‘bailout’ achieved with just minutes to spare

Funding deal for Transport for London agreed with 14 minutes to spare

10 Nov

News

Funding package of up to £1.8 billion agreed for TfL

Six-month funding package agreed for Transport for London

2 Nov

News

Heritage railways receive combined £6.7m Culture Recovery Fund lifeline

Almost £7 million of Government support for heritage railways

13 Oct

News

"Time is of the essence if we are to avoid a catastrophic situation where we literally run out of money" - London Transport Commissioner on TfL's Government funding

"Our budget, to be frank, is in tatters," says Commissioner Andy Byford as current Government funding package for TfL set to run out within days

29 Sept

News

MPs quiz London Mayor on TfL finances

“I think negotiations would be slightly easier if I wasn’t standing for re-election as Mayor next May," Khan expresses concern regarding TfL funding talks

22 Jul

News

EXCLUSIVE: Transport for London “hours from stopping the Underground and buses”

“I waited until five to midnight on the day when I would have had to pull the plug for the next day" - former London Transport Commissioner Mike Brown

14 Jul