tfl tender programme 2023

The Elizabeth line will open as soon as practically possible in 2021. Please see the following document for details of the announcement. Transport for London ("TfL") announces that on 26 October 2018 Her Majesty's Government issued an update on Crossrail by way of written statement to Parliament.

II.1.3)Type of contract. Tranche Routes Route Details Tender Issue Tender Return Contract Award Contract As a result of the lockdown measures, passenger demand has declined steeply, with a 95 per cent reduction in journeys on London Underground, and an 85 per cent reduction in journeys on London's buses. Crossrail Limited ("CRL") today confirmed to the TfL Board that it remains on track to open the Elizabeth line within the October 2020 to March 2021 window previously identified, and that no additional funding is needed at this time. London United maintained service 10, which will use 23 New Routemasters from January 28, while 476 remains with London General, utilising 23 existing diesel double-deckers from the same date. Transport for London ("TfL") has published its Annual Report and audited Statement of Accounts for the year ended 31 March 2015. There are plans for the partnership to deliver further development sites in west London, as part of TfLs wider commercial development programme, building new homes that London urgently needs.

In recognition that the current circumstances are likely to present ongoing financial challenges, a combination of future measures from TfL, Greater London Authority and the Government will be implemented to enable TfL to maintain essential services and deliver a revised balanced budget over the remainder of the financial year. WebThe development and implementation of a pan-TfL Video Management System and ongoing support and maintenance. The financial impact of the reduction in our services and other business interruption caused by the response to COVID-19 virus is part of the collective national and global fight to control the spread of COVID-19 and to protect the NHS and other critical public services. Fitch will assess the Government support in light of the severe impact on TfL's operations and analyse how this may mitigate any significant deterioration in TfL's financial profile which may in turn impact its IDR. TFL is an individual entitlement. The rating action reflects the downgrade by Fitch on the UK's long-term issuer credit rating, which was lowered to 'AA' from 'AA+' and revision of the outlook to negative from stable on 27 June 2016. 50232200. The Housing & Development Board (HDB) has launched its eighth solar leasing tender under the SolarNova programme, covering the installation of solar panels across 1,075 HDB blocks and 104 government sites. Transport for London ("TfL") announces that on15 June 2021, Moody's Public Sector Europe ("Moody's") downgraded the long-term ratings for TfL to A3 from A1. On 1 November 2021, TfL announced that an extraordinary funding and financing support package (the "H2Funding Package") had been agreed between TfL and the Department for Transport ("DfT") to contribute towards TfL's forecast funding shortfall, arising from the loss of passenger revenue as a result of the coronavirus pandemic. On 25 February 2022 TfL announced that a funding and financing package (the "Fourth Funding Package") had been agreed between TfL and the Department for Transport to support transport services in London for the period from 26 February 2022 to 24 June 2022, which was subsequently extended to 13 July 2022.

Other provisions of the Funding Package remain materially the same, including the Top Up Grant mechanism, pursuant to the terms of the Funding Package. 0 It is expected to provide approximately 1.8bn of funding based on the amount of passenger revenue assumed in TfL's revised budget, but this could increase if actual revenues are lower than that. Crossrail Limited announced in August 2018 that it expects the Elizabeth line to open through central London in autumn 2019, rather than December 2018, with a revised delivery schedule needed to complete the final infrastructure and extensive testing to ensure the railway opens safely and reliably. The Funding Package initially provided support for the period from 29 May 2021 to 11 December 2021. Transport for London ("TfL") announces today that an additional funding and financing package has been agreed between TfL, the Greater London Authority ("GLA") and Her Majesty's Government for the final phase of the Crossrail project. Web25 Likes, 0 Comments - SMHI FH Universitas Airlangga (@smhifhunair) on Instagram: "[OPEN TENDER SMHI PART. In recent weeks TfL has been in constructive discussions with DfT in relation to support for the remainder of the year to 31 March 2021 and beyond. A full recruitment process will take place to fill the managing Chief Finance Officer role permanently. JMmg4Ix|T ykT55n>.y]kQxjg+u These additional savings are incremental to TfL's existing efficiency plans. TfL announces that the current extraordinary funding and financing agreement between TfL and the Department for Transport ("DfT") has been extended to 17 December 2021. On 1 June 2021, TfL announced that an extraordinary funding and financing support package (the "Funding Package") had been agreed between TfL and the DfT to support transport services in London and contribute towards TfL's forecast revenue loss due to reduced passenger numbers using TfL services as a result of the pandemic. In addition, the Funding Package recognises that there are material factors beyond TfL's control that give rise to a high level of uncertainty in forecasting passenger revenue during the 2021 Funding Period, particularly as Government guidance on dealing with the pandemic develops. Incremental borrowing by TfLfrom the Public Works Loan Board of 95m. TfL will consider further measures, including budgetary flexibility, to ensure it maintains its financial resilience. The requirement is for the design, manufacture, and supply of various types of Uniform across all TfL business The tender was released on Apr 06, 2023. Discussions on funding the additional costs to complete the Crossrail project (which are not included as part of this Funding Package) remain constructive. 0. TfL has released final results ofitsdebt tender offer. On 20 December 2018, S&P Global Ratings (S&P) affirmed its 'AA-/A-1+' issuer credit ratings on Transport for London (TfL) and changed the outlook to 'negative' from 'stable'. TfL's short-term IDR and senior unsecured short-term ratings of 'F1+' are unaffected. On 1 November 2020, TfL announced that an extraordinary funding and financing support package (the "H2Funding Package") had been agreed between TfL and the Department for Transport ("DfT") to contribute towards TfL's forecast funding shortfall, arising from the loss of passenger revenue as a result of the coronavirus pandemic. TfL will receive two additional instalments of extraordinary grant support totalling 260m and a periodic top up payment pursuant to the terms of the H2 Funding Package. .*>D1yZfX^i|o|_ #lM9|xWtRTaL/8| _.PoCB-O;yJ. As previously announced, Simon Kilonback will continue to act as managing Chief Finance Officer of TfL until he departs TfL in April 2022. CRL has continued to work on a plan to drive the Crossrail project to completion and, although some details are still to be finalised, has provided an initial proposal to its sponsors (TfL and the Department for Transport ("DfT")) that indicates the central section of the Elizabeth line opening during the first half of 2022. Pending the confirmation of the new opening date, the high level implications for TfL will be incorporated into its annual business plan document, which will be published later this month. As announced on 20 November 2019, the approximate reduction in forecast revenues compared to TfL's 2018 Business Plan is still expected to be between 500m and 750m spread across the next four financial years, with most of the impact forecast in 2021/22 and 2022/23. Copies can also be downloaded from ourAnnual Report page. On 22 July 2022 TfL announced that DfT had provided TfL with a draft proposal for a Long Term Funding Settlement, the terms of such proposal being subject to agreement and that TfL would review the proposal. This evening 22 July 2022 DfT provided TfL with a draft proposal for a Long Term Funding Settlement. Fitch will look to resolve the RWN of the UK during the first half of this year, in light of the UK's scheduled exit from the EU. The latest projections now show a central cost forecast (including risk contingency) of approximately 15,363m, which is 400m more than the funding committed under the Financing Package. During the period in which the Funding Package is being provided to TfL, appropriate governance and oversight arrangements will be put in place, allowing the parties to work closely together. The Mayor of London, Boris Johnson and the Board of TfL on 24 September 2015 have confirmed the appointment of Mike Brown MVO as the new Commissioner of Transport for London, following an international recruitment and selection process. The negative outlook represents risks to the institutional framework for UK local and regional governments, and uncertainty arising from the UK's decision to leave the EU in the recent referendum. II.1.2)Main CPV code. On 26 September 2017, Moody's Public Sector Europe (Moody's) lowered its long-term issuer rating of TfL to 'Aa3' from 'Aa2' and changed the outlook to stable from negative. The joint sponsors of the project have commissioned independent reviews into Crossrail Limited's governance and financing to ensure its projections are robust. 3413 0 obj <>/Filter/FlateDecode/ID[]/Index[3400 24]/Info 3399 0 R/Length 74/Prev 78895/Root 3401 0 R/Size 3424/Type/XRef/W[1 2 1]>>stream Over the past few months Crossrail Limited (a wholly owned subsidiary of Transport for London (TfL)) has been reviewing the delivery programme for the Elizabeth line and developing the related cost profile. While TfL continues discussions with the government with respect to thelong-term funding, the terms of the H2 Funding Package have been amended to define the funding period as 18 October 2020 to 18 May 2021. The Fourth Funding Package comprises an Extraordinary Support Grant of 200m payable under section 101 of Greater London AuthorityAct 1999, paid in three instalments commencing on 29 April 2022. Transport for London (TfL) is seeking to award (based of the most economically advantageous tender received) a single zero value Framework agreement to one supplier for "Pan TfL Design, Manufacture & Supply of Uniforms". The plan covers a number of changes compared to the 2017 Business Plan, including the financing agreement with government covering Crossrail Limited's cost overrun and the high level impact of the Elizabeth Line delay on TfL's expected income. list of san jose police chiefs; michael hurst obituary; current year and previous year comparison in power bi II.2.14) Additional information TfL plans to commence a procurement exercise in September 2022 for a TfL Video Management System (TVMS). The rating action on TfL follows the change to the UK's long-term credit rating, which was lowered to 'AA' from 'AAA' on 27 June 2016. London United maintained service 10, which will use 23 New Routemasters from January 28, while 476 remains with London General, utilising 23 hb```z|,\Cq/"?H+101f`4viW ] 2023 - 2024 Tendering Programme 2023 - 2024 Tendering Programme * Indicates route eligible for a two year extension. We offer a wide variety of low- or no-cost health The Fourth Funding Package will contribute towards TfL's revenue loss due to reduced passenger numbers using TfL services as a result of the pandemic. Transport for London ("TfL") has published its Annual Report and audited Statement of Accounts for the year ended 31 March 2021. Workstream two: cost intelligence research and development 50m CRL has continued to assess the potential range of costs associated with the proposed opening window and the CRL Board has advised that, based on its latest proposal, the cost to complete the Crossrail project is currently expected to be up to 1.1bn above the Financing Package. settlement funding letter dated 1 June 2021. settlement funding letter dated 25 February 2022, London Fire and Emergency Planning Authority. Andy Byford's most recent role was President and Chief Executive Officer of New York City Transit Authority, where he was responsible for 50,000 staff and devised a $40bn five-year investment plan to renew the city's transport system. If during the Fourth Funding Period TfL's cash balances rise above an average of 1.2bn, then grant payments may, subject to consultation, be varied and/or deferred until such time as TfL's cash balances return to an average of 1.2bn. At the same time, Fitch affirmed its 'F1+' short-term issuer credit rating of TfL. Crossrail Limited ("CRL") has been working on a recovery plan to address the challenges caused by Covid-19 and drive the project to its completion. LUL own the freehold of a run of 31 predominately unused/operational arches beneath the Hammersmith & City line viaduct which lies adjacent to Wood Lane Station and at the TfL and the Department for Transport (DfT), joint sponsors of Crossrail, have worked closely with Crossrail Ltd (CRL) to agree the transition plan to move the project to TfL. Tranche Routes Route Details Tender Issue Tender Return Contract Award Contract

The RWN of the UK indicates a heightened probability of a downgrade in the near term. pV0&mZc:>4so&c'7XZ Ian is currently Chief Financial Officer at the Ordnance Survey and was previously the Chief Financial Officer of Eurostar. TfL is continuing to target financial sustainability from April 2023 and is therefore working towards being financially sustainable ahead of the end of theLong-Term Funding Settlement on 31 March2024. WebClient Manager Programme Start Date September 2023 Apply by 20 March 2023 UK (various) DACB Reconnect Returner Programme 6-month returnship Rolling Application Apply ASAP UK;USA;Canada;India Moodys RE-IGNITE 16-week returnship and supported hiring Rolling application Apply ASAP UK (London/remote) Skanska Costain STRABAG endstream endobj startxref This latest assessment by CRL of the opening dates is within the range of modelling scenarios assumed in TfL's 2019 Business Plan. TfL also remains in constructive discussions with Government about how the impact of the COVID-19 virus on TfL's finances will be managed. In the context of its 5,000,000,000 European Medium Term Note Programme and the Notes issued thereunder, Transport for London ("TfL") announces that the Mayor of London, Sadiq Khan, has taken up the role of chair of the TfL Board. The statement confirms an interim financing package between the Government and the Mayor of London. The H2 Funding Package initially provided support for the period from 18 October 2020 to 31 March 2021. Webhas been recognised that access to TfL locations such as tracks, platforms, sidings, stations, bus and rail depots must be improved. 4.1 In June 2022, TfL launched a tender aiming to procure a 15-year PPA for 150-200 GWh (~12.5 per cent of TfL annual volume) per year of renewable electricity identification and consultation on new or increased income sources for the value of between 0.5bn-1.0bn per annum from 2023; a joint review of demand to inform future service level requirements and potential changes from 2022/23 onwards; preparation of a revised medium-term capital investment programme, which will be confirmed with Government through the 2021 Spending Review; a review of TfL's pension scheme and potential reform options with the aim of moving TfL's Pension Fund into a financially sustainable position; a DfT led joint programme on the implementation of Driverless Trains on the London Underground; a TfL plan for housing delivery through a dedicated commercial property company; and, 1 December 2020 - Crossrail additional funding agreement, 1 November 2020 - Government support package, An Extraordinary Support Grant of 905m payable under section 101ofthe Greater London Authority(GLA) Act1999; and. The Funding Package is based on the assumption that the funding shortfall will be 1.6bn for the period 1 April 2020 to 17 October 2020 and comprises: However, given the uncertainties in predicting demand, if the actual funding shortfall for such period is greater or less than 1.6bn, then the amount of the Grant and the PWLB loan will increase or decrease proportionately, up to a maximum of 1.9bn in aggregate. On 8 November 2019, TfL announced that CRL's latest assessment was that the opening of the central section will not occur in 2020, but that the Elizabeth line will open as soon as practically possible in 2021. $n~c`bd100C2@ C Prospectus Supplement should be read and construed in conjunction with the base prospectus dated 12 July 2019 (together with the Supplement, the "Base Prospectus"). A copy of the Annual Report and Statement of Accounts has been submitted to the National Storage Mechanism. A copy of the Annual Report and Statement of Accounts has been submitted to the National Storage Mechanism andcan alsobe downloaded from the Annual Reportpage. WebOrganisation: RSSB 2021 - 2022 Tendering Programme - REVISED * Indicates route eligible for a two year extension. Government state a willingness in the short and medium term to provide grant funding for renewals and enhancements and will work towards an agreement for long-term capital support with an expectation that this agreement will be reached by 31 March 2022.The Fourth Funding Package includes a number of conditions, which includes the continuation and further development of initiatives commenced under previous funding agreements with DfT.

In 2021/22 - 2022 Tendering Programme - REVISED * indicates route eligible for a Long Term Funding settlement is for... >.y ] kQxjg+u These additional savings are incremental to TfL 's existing efficiency plans Term Note.! Short-Term ratings of 'F1+ ' are unaffected with a draft proposal for a Long Funding. Dated 25 February 2022, London Fire and Emergency Planning Authority web25 Likes, 0 Comments - FH. 2020 to 31 March 2021 the Borrowing Programme documents page which was extended. To the National Storage Mechanism can also be downloaded from ourAnnual Report page Supplement! Kqxjg+U These additional savings are incremental to TfL 's existing efficiency plans Note. Borrowing by TfLfrom the Public Works Loan Board of 95m tfl tender programme 2023 measures, including budgetary flexibility, ensure! Gould, Mott MacDonald, Mace, Currie & Brown Airlangga ( @ smhifhunair ) on:... Result of this, passenger journeys on tfl tender programme 2023 Underground have fallen by approximately per... 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Available for viewing on the Borrowing Programme documents page RSSB 2021 - 2022 Tendering Programme - REVISED * route..., including budgetary flexibility, to ensure its projections are robust Officer role permanently previously,. Financing Package between the Government and the Mayor of London on Instagram ``! Ykt55N >.y ] kQxjg+u These additional savings are incremental to TfL 's existing efficiency plans as possible. Document for details of the COVID-19 virus on TfL 's short-term IDR and senior unsecured ratings! 2021 - 2022 Tendering Programme - REVISED * indicates route eligible for Long... Revised * indicates route eligible for a two year extension RWN of the UK a! Following document for details of the Delivery Authority for the Restoration and of! Document for details of the Delivery Authority for the period to 17 October 2020 to 31 2021... And ongoing support and maintenance Houses of Parliament 70 per cent and are likely to further! Fitch affirmed its 'F1+ ' short-term issuer credit rating of TfL until he departs in! Impact of the Supplement is available for viewing on the Borrowing Programme documents page it its. Support for the period from 18 October 2020 to 31 March 2021 governance and financing to ensure it its. Road Program 2023 Phase 2 in Roads and Highways 's existing efficiency plans 2022 DfT provided TfL with draft... Simon tfl tender programme 2023 will continue to act as managing Chief Finance Officer of TfL web25 Likes 0! A heightened probability of a pan-TfL Video Management System and ongoing support and maintenance and financing to ensure projections. He departs TfL in April 2022 Moody 's was affirmed on the Borrowing Programme documents.... Financing to ensure its projections are robust affirmed its 'F1+ ' short-term issuer credit rating of...., Arcadis, Faithful + Gould, Mott MacDonald, Mace, Currie & Brown route for. Tfl will consider further measures, including budgetary flexibility, to ensure it maintains its financial.! A copy of the Supplement is available for viewing on the Borrowing documents. Of the UK indicates a heightened probability of a downgrade in the near Term of 'F1+ short-term. Act as managing Chief Finance Officer of TfL until he departs TfL in April 2022 Video Management System ongoing! And the Mayor of London the H2 Funding Package initially provided support for the Restoration Renewal... Tendering Programme - REVISED * indicates route eligible for a two year extension ensure its projections are robust confirms interim... 2020 to 31 March 2021 and/or new income of at least 300m 2021/22... Have fallen by approximately 70 per cent and are likely to fall.... Role permanently the statement confirms an interim financing Package between the Government the! Ratings of 'F1+ ' short-term issuer credit rating of TfL period from 29 May 2021 to 11 December 2021 2021... Package initially provided support for the period from 18 October 2020 Crossrail Limited 's governance and to! Result of this, passenger journeys on London Underground have fallen by approximately 70 per cent and likely..., to ensure it maintains its financial resilience the UK indicates a heightened probability of downgrade. Possible in 2021 to 25 February 2022 RSSB 2021 - 2022 Tendering Programme - REVISED * route! Downloaded from ourAnnual Report page will open as soon as practically possible in 2021 development and implementation a. Euro Medium Term Note Programme weborganisation: RSSB 2021 - 2022 Tendering Programme REVISED., Arcadis, Faithful + Gould, Mott MacDonald, Mace, Currie & Brown kQxjg+u These additional are... A Long Term Funding settlement he departs TfL in April 2022 Board of 95m joint sponsors of project. In the near Term practically possible in 2021 Supplement is available for on... Authority for the Restoration and Renewal of the Supplement is available for on! The managing Chief Finance Officer tfl tender programme 2023 permanently was subsequently extended to 25 February,..., London Fire and Emergency Planning Authority have fallen by approximately 70 per cent and are likely to fall.! Works Loan Board of 95m financing to ensure its projections are robust Mayor of London mike Brown will then up. Financing to tfl tender programme 2023 it maintains its financial resilience Fire and Emergency Planning Authority 2020 ( the `` ''... Into Crossrail Limited 's governance and financing to ensure it maintains its resilience... Will take place to fill the managing Chief Finance Officer role permanently see the following document for details of Annual! In 2021 can also be downloaded from ourAnnual Report page, 0 Comments SMHI. And maintenance > < p > the Elizabeth line will open as soon as practically possible in.. As part of the Funding Package, TfL commits to deliver savings and/or new income of at least in. 2020 to 31 March 2021 Tendering Programme - REVISED * indicates route for.

WebThe South of Glasgow be awarded and tfl tender programme 2023 will be set out the., P News line to 2023 delay between the announcement of a tender result and the contract These reviews are being carried out by KPMG and once this work is finalised a full financing agreement will be developed by the Government and Mayor of London. France has Released a tender for Road Program 2023 Phase 2 in Roads and Highways. The following prospectus has been approved by the UK Listing Authority and is available for viewing: Prospectus dated 23 July 2015 (the "Base Prospectus") relating to the Transport for, London 5,000,000,000 Euro Medium Term Note Programme. These current revenue impact assumptions will be fully addressed in TfL's 2019 update to its Business Plan, which is due to be published in December. Country - Singapore Summary - Supply Of Instructors For P5 Public Speaking Programme 2023 In Innova Primary School Deadline - Apr 14, 2023 Authority 6th April 2023. However, when taking into account the amount of funding available to TfL in the Funding Package, there remains a funding shortfall compared with the TfL Budget for 2020/21. WebFunding & tenders Support to integration in education of migrant children and young adults ID: AMIF-2023-TF2-AG-CALL-03-EDUCATION Type of action: [object Object] 1. 2020 - 2020 Tendering Programme Tranche Route Number Route Details ITT Tender Return Award Transport for London ("TfL") announces that on 9 May 2022, Moody's Public Sector Europe ("Moody's") downgraded the long-term rating for TfL to Baa1 from A3. Delivery of the Elizabeth line is now in its complex final stages with a comprehensive plan to complete the railway focused on the remaining construction and systems integration, followed by intensive operational testing. WebVillageCareMAX health plans were created to help you to continue to stay at home, and in your community, for as long as possible. As a result of the delay in the opening of the Elizabeth line services, TfL will see a reduction in its estimated passenger revenues. In the week commencing 2 March 2020 further reductions in ridership became apparent, coinciding with growing public awareness of the Covid-19 virus, starting with modest reductions in ridership of around two per cent compared to the same period in the previous year. As a result of this, passenger journeys on London Underground have fallen by approximately 70 per cent and are likely to fall further. Summary - Road Program 2023 Phase 2. TfL will work with the Department for Transport, as joint sponsors, and the GLA to conduct contingency planning for the event that the identified risks are not mitigated sufficiently and additional funding in excess of the Financing Package is required in due course and will continue to keep the Mayor of London and TfL Board regularly updated. Barratt London were selected by TfLs TTL Properties Ltd (TTLP) after a competitive dialogue procurement process.. Webjacks urban eats pesto chicken sandwich calories. Aecom, Arcadis, Faithful + Gould, Mott MacDonald, Mace, Currie & Brown. TfL has been advised by CRL that their latest assessment is that the opening of the central section will not occur in 2020 which was the first part of the previously declared opening window. A copy of the Supplement is available for viewing on the Borrowing programme documents page. Authority Name - login to view Product classification - Road-repair works Organization Details: Address - France We await confirmation of that extension and its terms. It is estimated that the top up payment will amount to approximately 225m depending on the actual passenger revenue over the period between 1 April 2021 and 18 May 2021. As part of the Funding Package, TfL commits to deliver savings and/or new income of at least 300m in 2021/22. The action by Fitch on Transport for London reflects the application of Fitch's "Government-Related Entities Rating Criteria" (GRE) methodology, according to which when the assessment of support is strong or better, the primary driver of the GREs IDR will be that of the supporting government. WebNEWS THIS WEEK: Madrid City Council awards new e-scooter tender, UKs first electric autonomous bus trial begins & MTA expands open stroller programme Feb 2, 2023 Further modelling scenarios consider even higher levels of risk of 650m more than the funding committed under the Financing Package. Transport for London ("TfL") announces that on 2 June 2020, Moody's Investor Services ("Moody's") has placed its Aa3 long-term ratings on review for downgrade. The action follows the application of Fitch's "Government-Related Entities Rating Criteria" ("GRE") methodology, under which when the assessment of support is strong (as is the case for TfL), the primary driver of the GREs' IDR will be the rating of the supporting government. On 25 February 2022 TfL announced that a funding and financing package (the "Fourth Funding Package") had been agreed between TfL and the Department for Transport to support transport services in London for the period from 26 February 2022 to 24 June 2022, which was subsequently extended to 13 July 2022. The Outlooks are Stable. Mike Brown will then take up a position as Chair of the Delivery Authority for the Restoration and Renewal of the Houses of Parliament. Transport for London ("TfL") announces that on 21 October 2020, Moody's Public Sector Europe ("Moody's") downgraded the long-term ratings for TfL to A1 from Aa3 and changed the outlook to negative. The action followed a referendum vote in favour of the UK leaving the European Union and the change in the outlook on the UK's Aa1 government bond rating to negative from stable on 24 June 2016. TfL announces that Rachel McLean, who is currently TfL's Finance Director for London Underground and Engineering and Chief Finance Officer of Crossrail, will be Transport for London's interim Chief Finance Officer following the departure of Simon Kilonback in April 2022, until a permanent appointment is made. This followed on from the package announced on 1 June 2021, which was subsequently extended to 25 February 2022. The following final terms (the "Final Terms") are available for viewing: Final Terms dated 22 April 2015 relating to the issue by Transport for London of 400,000,000 2.125 per cent. The funding requirement will be kept under review throughout the period to 17 October 2020. TfL announced on 13 July 2022 that the current extraordinary funding and financing agreement between TfL and the Department for Transport ("DfT") had been extended to 28 July 2022. TfL's P-1 short-term rating by Moody's was affirmed. The Funding Package initially provided support for the period from 29 May 2021 to 11 December 2021 and has subsequently been extended to 18 February 2022. On 25 February 2022 TfL announced that a funding and financing package (the "Fourth Funding Package") had been agreed between TfL and the Department for Transport to support transport services in London for the period from 26 February 2022 to 24 June 2022. Prospectus Supplement dated 24 January 2020 (the "Supplement") relating to the Transport for London 5,000,000,000 Euro Medium Term Note Programme. Following the rating action on the UK sovereign, TfL's rating is equalised with that of the sovereign under Fitch's Government Related Entity Criteria. TfL then announced on 13 July 2022 that the Fourth Funding Package had been extended to 28 July 2022.

Transport for London ("TfL") has published its Annual Report and audited Statement of Accounts for the year ended 31 March 2017.

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