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Transport: Greater London Authority Grant

Volume 690: debated on Monday 19 March 2007

My honourable friend the Parliamentary Under-Secretary of State for Transport (Gillian Merron) has made the following Ministerial Statement.

The Greater London Authority (GLA) transport grant for 2007-08 has today been determined by my right honourable friend the Secretary of State for Transport at £2,520.5 million, following consultation with the Mayor of London. This is a block resource grant provided by the Government to Transport for London (TfL) to support and improve transport services in London, including London Underground.

This grant determination is based on the Government’s five-year settlement for TfL of £2,544 million, which was announced in July 2004, and includes a further £10.5 million for road safety partnership funding in London. Thirty-four million pounds of capital funding, which was included in the five-year settlement, will now be paid to TfL through a separate grant.

The GLA transport grant for 2006-07 has also been redetermined by my right honourable friend at £2,390.305 million. This redetermination increases the Government’s grant this year to TfL by £1.305 million, reflecting additional funding for scoping work to make TfL’s Oyster estate inter-operable with ITSO smart cards of Oyster on national rail and TfL’s urban bus challenge projects in 2006-07.