“But let`s be clear: we still don`t know how TfL will make $160 million in cuts. There are more important details to be published as part of this funding agreement. Although the government provided 18 months of long-term financing to private railway companies without conditions, it refused to award TfL more than one six-month contract, and even with conditions. This means that another financial agreement must be negotiated in the run-up to next year`s municipal elections, which is far from the ideal time to negotiate a fair long-term deal for London. New agreement that will probably be added between 30 and 50 $US to the tax bills of the Band D Council. The Mayor of London today reached an 11-hour agreement with the government for a funding agreement to operate The Capital`s Metro, Bus and Other Services in the capital until March 2021. “Getting this agreement with the government allows us to help London in the next phase of the pandemic. We will continue to work with the mayor and the government on our longer-term funding needs. As always, our employees work tirelessly to serve the people and businesses of London; support the city`s economy and offer our customers excellent, safe and reliable service every day. Transport for London (TfL) and the government have entered into a funding agreement worth approximately GBp 1.8 billion. “Getting this agreement with the government allows us to help London in the next phase of the pandemic,” said Andy Byford, London`s Transport Commissioner. We will continue to work with the mayor and the government on our longer-term funding needs. Network Rail submitted proposals for a new station building in Ilford as part of improvements to the Crossrail project.
The Freedom Pass, which allows pensioners aged 65 and over to move freely, will also be retained – although Downing Street has said it is never in danger, as it is an advantage granted by the 33 city councillors and not by TfL. Luisa Porritt, candidate of the Liberal Democrats for mayor of London, said: “Sadiq Khan, who presents this agreement as a victory if it involves cuts for TfL and price increases for Londoners in the midst of a recession, shows how damaging these negotiations have been. Image courtesy of Network Rail Transport for London (TfL) has announced the signing of Arriva Rail London Limited as the new London Overground operator. … Railway News talks with Osvaldo da Silva of Transport for London on mobile payment on the TfL network and his talk on PayExpo. It remained possible that no agreement could be reached before Saturday night`s deadline expired.
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