Transport for London (TfL) has accepted the Governments offer to extend its bailout by seven weeks, despite calling for a longer-term deal.
A 260 million (US$360.5 million) injection will be provided to cover the 31 March-18 May period, plus another 225 million dependent on fare revenue.
The transit operator received a 1.8 billion (US$2.3 billion) government bailout in November, which followed a 1.6 billion deal agreed in May 2020.
Mayor of London, Sadiq Khan, said: This seven-week extension will enable TfL to carry on running the safe, reliable and frequent services that will be vital as lockdown restrictions begin to ease.
These discussions will continue as it is essential t…
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