TfL funding extended until Friday as transport body seeks long-term deal
This is the latest in a series of short-term extensions as the transport body tries to secure a long-term deal.

Transport for London (TfL) has agreed with the Government to extend its existing funding package until Friday.
This is the latest in a series of short-term extensions as the transport body tries to secure a long-term deal.
TfL has repeatedly issued stark warnings that it will be forced to begin a āmanaged declineā of the capitalās public transport network unless it secures a multi-year funding deal to replace fares revenue lost during the coronavirus pandemic.
I urge the Government to engage with TfL and City Hall in good faith
Mayor of London Sadiq Khan said: āThis extension to the current funding deal until Friday February 25 will allow negotiations to continue.
āThe pandemic is the only reason TfL is facing a financial crisis.
āI urge the Government to engage with TfL and City Hall in good faith so that we can finally agree a fair, long-term funding deal that will protect Londonās transport network ā for the sake of the capital and the whole country.
āLondonās economy plays a huge role in the national economy and around 43,000 jobs outside London depend on TfLās investment.
āIf the Government fails to support TfL at this difficult time, it could impact TfLās UK-wide supply chain, hitting jobs and growth and holding back the economic recovery in London and across the UK.ā
Transport Secretary Grant Shapps said: āWe have provided TfL with a deal that both supports Londonās transport network and is fair to taxpayers across the UK.
āThey have asked for more time to consider the settlement, therefore we have agreed a short extension until February 25 for this to take place.ā
He added: āSince the start of the pandemic, we have supported TfL with over Ā£4.5 billion funding through extraordinary funding settlements for TfL.
āWe have recognised the reliance of Londonās transport network on fare revenue.ā
Manuel Cortes, general secretary of the Transport Salaried Staffsā Association, said: āYet again we see Conservative ministers treating our great capital city with contempt.
āThey need to stop playing politics with Transport for London and offer a long-term meaningful financial package.ā