Transport for London (TfL) will receive £2.2 billion in funding from the government for capital renewal over the next three years, marking the largest settlement for London in over a decade. However, this funding is merely for capital projects, not for day-to-day operational costs, which TfL must cover through fares and revenue. The focus is on upgrading the aging Bakerloo line and exploring options for the Docklands Light Railway extension, but no commitments have been made for the latter. Mayor Sadiq Khan welcomes the funding but expresses concern over potential impacts on police resources and infrastructure funding gaps.
The government has announced a £2.2 billion funding for TfL's capital renewal program, emphasizing it is the largest multi-year settlement for London in over a decade.
TfL is campaigning for funding to upgrade the aging Bakerloo line trains, with potential costs around £1.8 billion for replacements and expansion.
Sadiq Khan expressed support for the additional transport and housing resources secured but raised concerns about funding insufficiency for the Met and new infrastructure.
While the government recognizes the housing benefits of the DLR Thamesmead extension, they have not committed to funding it, leaving future plans uncertain.
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