Lord McLoughlin
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GLA Transport Grant
Lord McLoughlin Excerpts(11 years, 7 months ago)
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The Secretary of State for Transport (Mr Patrick McLoughlin)
Following consultation with the Mayor of London, I have today determined the GLA transport grant for 2013-14 at £1.988 billion.
This grant is provided by the Government to Transport for London to deliver transport services and investment in the capital, including London Underground.
In line with my predecessor’s 20 October 2010 letter to the Mayor “Spending Review 2010: TfL funding agreement” £894.960 million of this grant is designated an investment grant to support delivery of the tube upgrade programme and other projects, as set out in annex B of the 20 October letter, and the remaining £1.09 billion is for the purposes of TFL.