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Reuters
Reuters
Business

London transport gets 500 million stg funding facility

FILE PHOTO: Mayor of London Sadiq Khan (centre) travelling with passengers on a northbound Victoria line tube train during the launch of London's Night Tube August 20, 2016. REUTERS/Yui Mok/PA Wire/Pool/

London city authorities will make 500 million pounds ($567 million) available for the British capital's transport network to cover gaps left by a government support package, Mayor Sadiq Khan's office said on Wednesday.

"(The funding) is designed to ensure that TfL's budget will balance in light of the gap," it said in a statement, adding that otherwise services would have been threatened.

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