Correspondence

Transport for London settlement letters

Letters setting out funding and financing agreements for Transport for London (TfL).

• From: Department for Transport
• Published: 1 November 2020
• Last updated: 12 July 2024
  Show all updates

  1. 12 July 2024

     Letter of 14 June 2024 added.

  2. 7 February 2024

     Added letter about updates to the TfL long-term funding settlement.

  3. 18 December 2023

     Letter from Rail Minister to TfL re £250 million funding.

  4. 20 January 2023

     TfL pension reform – 31 January 2023 deliverable letter added.

  5. 31 August 2022

     TfL long-term funding settlement letter added.

  6. 28 July 2022

     Added new letter.

  7. 13 July 2022

     Added settlement extension letter for the period from 13 July 2022 to 28 July 2022.

  8. 27 June 2022

     Added settlement extension letter for the period from 26 February 2022 to 13 July 2022.

  9. 23 June 2022

     A response about TfL from the Transport Secretary to the Mayor of London.

  10. 15 March 2022

      Added letters extending already existing funding and financing agreements for Transport for London from December 2021 until February 2022.

  11. 25 February 2022

      Added settlement letter for the period from February 2022 to June 2022.

  12. 1 June 2021

      Addition of response letter by Secretary of State dated 1 June 2021.

  13. 1 June 2021

      Added settlement letter for the period from May 2021 to December 2021.

  14. 23 January 2021

      Letter altered to include original annexes on H2 passenger revenue forecast by period and Oversight Group terms of reference.

  15. 1 November 2020

      First published.

This publication was withdrawn on 30 October 2024

See the latest TfL settlement agreements.

Documents

Transport for London: Elizabeth Line trains funding settlement, 14 June 2024

PDF, 196 KB, 3 pages

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Updates to the TfL long-term funding settlement, 9 January 2024

PDF, 111 KB, 2 pages

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TfL capital funding settlement, 18 December 2023

PDF, 204 KB, 3 pages

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TfL pension reform – 31 January 2023 deliverable letter

PDF, 82.1 KB, 1 page

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TfL long-term funding settlement letter, 30 August 2022

PDF, 258 KB, 16 pages

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TfL extraordinary funding and financing extension letter, 28 July 2022

PDF, 99.6 KB, 3 pages

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TfL extraordinary funding and financing extension letter, 13 July 2022

PDF, 202 KB, 3 pages

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TfL extraordinary funding and financing settlement letter, 24 June 2022

PDF, 117 KB, 3 pages

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Secretary of State response to Sadiq Khan on TfL funding settlement, 23 June 2022

PDF, 196 KB, 5 pages

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Amendment to Transport for London settlement letter, 22 April 2022

PDF, 116 KB, 2 pages

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TfL extraordinary funding and financing settlement letter, 25 February 2022

PDF, 406 KB, 15 pages

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TfL extraordinary funding and financing extension letter, 21 February 2022

PDF, 206 KB, 3 pages

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TfL extraordinary funding and financing extension letter, 4 February 2022

PDF, 173 KB, 3 pages

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TfL extraordinary funding and financing extension letter, 17 December 2021

PDF, 234 KB, 4 pages

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TfL extraordinary funding and financing extension letter, 13 December 2021

PDF, 189 KB, 2 pages

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TfL extraordinary funding and financing settlement letter, 1 June 2021

PDF, 264 KB, 24 pages

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Secretary of State response to Sadiq Khan on TfL funding settlement, 1 June 2021

PDF, 126 KB, 3 pages

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TfL extraordinary funding and financing extension letter, 18 May 2021

PDF, 112 KB, 2 pages

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TfL extraordinary funding and financing extension letter, 22 March 2021

PDF, 187 KB, 3 pages

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Amendment to TfL settlement letter, 30 December 2020

PDF, 92.6 KB, 1 page

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TfL extraordinary funding and financing settlement letter, 31 October 2020

PDF, 564 KB, 13 pages

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Details

Letter from the Secretary of State for Transport to the Mayor of London:

• 14 June 2024 – Elizabeth Line trains funding settlement

Letter from Emma Ward, Director General of Roads and Local Group to Andy Lord, Commissioner of Transport for London (TfL):

• 9 January 2024 – updates to the TfL long-term funding settlement

Letter from the Secretary of State for Transport to the Mayor of London:

• 23 December 2023 – £250 million capital funding settlement

Letter from Emma Ward, Director General of Roads and Local Group to Andy Lord, Interim Commissioner of TfL:

• 20 January 2023 – TfL pension reform – 31 January 2023 deliverable

Letter from the Secretary of State for Transport to the Mayor of London:

• 30 August 2022 – TfL long-term funding settlement

Plus letters setting out an extraordinary funding and financing agreement for TfL for the periods from:

• 26 February 2022 to 24 June 2022
• May 2021 to 11 December 2021
• October 2020 to March 2021

Also included are additional letters extending already existing funding and financing agreements for the periods from:

• 29 July 2022 to 3 August 2022
• 14 July 2022 to 28 July 2022
• 24 June 2022 to 13 July 2022
• 19 February 2022 to 25 February 2022
• 5 February 2022 to 18 February 2022
• 18 December 2021 to 4 February 2022
• 12 December 2021 to 17 December 2021
• 19 May 2021 to 28 May 2021
• 1 April 2021 to 18 May 2021