| 
Railhub Archive 2020-06-18 DfT-001 Department for Transport0
Contingency fund
keywords: click to search
 coronavirus
 COVID-19
 railway costs
 subsidy
 
Phrases in [single square brackets] are hyperlinks in the original document
Phrases in [[double square brackets]] are editorial additions or corrections
Phrases in [[[triple square brackets]]] indicate embedded images or graphics in the original document. (These are not usually archived unless they contain significant additional information.) | | 
         Contingency fund _______________________________________________________________

 related documents
type Written statement note Grant Shapps MP
Statement giving notice that the department has drawn advances from the Contingencies Fund to enable expenditure on COVID-19 support packages.
I hereby give notice of the Department for Transport having drawn advances from the Contingencies Fund totalling £7,000,000,000 to enable expenditure on COVID-19 support packages for transport to be spent ahead of the passage of the [Supply and Appropriation Act].
The schemes include:
[Emergency Measures Agreements] with the Train Operating Companies; the [COVID-19 Bus Services Support Grant]; [safeguarding critical ferry freight routes]; and supporting regional transport networks such as Transport for London and light rail networks. Furthermore, the department brought forward the payment of local authority road maintenance grants announced in the Budget. Barnett consequentials have already been applied in the usual way to any funding on top of the Department for Transport’s current budgets.
Parliamentary approval for additional resources of £5,253,000,000 and additional capital of £603,000,000 and £1,144,000,000 of cash will be sought in a Main Estimate for the Department for Transport. Pending that approval, urgent expenditure estimated at £7,000,000,000 will be met by repayable cash advances from the [Contingencies Fund].
The cash advance will be repaid upon receiving Royal assent of the [Supply and Appropriation Bill].
Published 18 June 2020
Railhub Archive ::: 2020-06-18 DfT-001
 | | 

Monday 12















  1 story

| |