TfL bailout package extended

Transport for London (TfL) has secured a last-minute extension of its bailout package to keep services running for a fortnight.

Extending the £1.6 billion bailout — due to run out tomorrow — for a further two weeks equates to roughly £113 million.

The government will now continue the terms of the current bailout package until Saturday 31st October.

‘The two-week extension will enable TfL to continue running safe, reliable, and frequent transport services,’ the Mayor of London, Sadiq Khan, said.