UK Agrees $1.35 Billion Of New Support For London Transport

Britain’s government will provide 1.16 billion pounds ($1.35 billion) of further financial support for London transport, including the Tube and buses, until end-March 2024, operator Transport for London (TfL) said on Tuesday.

The funding package replaces TfL’s last bailout, which was the fourth since the start of the pandemic in 2020. The operator said it expected to become financially sustainable before the end of the period in 2024.

($1 = 0.8574 pounds)

(Reporting by Paul Sandle; editing by William James)