Greater London Authority Transport Grant (2011-12) Debate
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Lord Hammond of Runnymede
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Greater London Authority Transport Grant (2011-12)
Lord Hammond of Runnymede Excerpts(13 years, 1 month ago)
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The Secretary of State for Transport (Mr Philip Hammond)
Following consultation with the Mayor of London, I have today determined the Greater London Authority Transport Grant for 2011-12 at £2,804 million.
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 20 October 2010 letter to the Mayor “Spending Review 2010: TfL funding agreement”, £861 million of this grant is designated an investment grant to support delivery of the schemes and milestones, notably upgrade of the tube, set out in annex B of my 20 October letter, and the remaining £1,943 million is a general grant for the purposes of TfL.