This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
Greater London Authority's transport grant has been determined at £1.988 billion for 2013 to 2014
Following consultation with the Mayor of London, I have today determined the Greater London Authority (GLA) transport grant for 2013 to 2014 at £1.988 billion.
This grant is provided by the government to Transport for London (TfL) to deliver transport services and investment in the capital, including London Underground.
In line with my predecessor’s 20 October 2010 letter to the Mayor ‘Spending review 2010: TfL funding agreement’ £894.960 million of this grant is designated an investment grant to support delivery of the tube upgrade programme and other projects, as set out in ‘Annex B’ of the 20 October letter, and the remaining £1.09 billion is for the purposes of TfL.