Parts of the Tube and bus network could be forced to close if a deal isn’t agreed
(Picture: AFP via Getty Images)Transport for London says it is “likely” that a long-term funding deal will be struck with the Government within days that will avert the risk of TfL effectively declaring itself bankrupt and dramatically curtailing services.
TfL’s most recent deal ran out last Wednesday and it has been unwilling to agree to the new terms offered by the Department for Transport, which include almost £3.6 billion of capital funding for infrastructure projects and maintenance over the next two years.
