World
London Transport System to Get a $1.95 Billion Bailout
- London Mayor told LBC that TfL was about to run out of cash
- Package includes a grant and a loan, and has strings attached
A passenger stands on a tube train on the London Underground at Waterloo.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
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London’s transit system will get a 1.6 billion-pound ($1.95 billion) bailout to plug a shortfall in revenue caused by the coronavirus lockdown, according to two officials with knowledge of the matter.