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Government signs off £2.8bn funding deal for Transport for London

Transport secretary Justine Greening has rubber-stamped Transport for London’s £2.8bn grant for 2012/13 that ensures continued investment in Tube upgrades and other infrastructure projects.

The funding level is as agreed in the 2010 Comprehensive Spending Review and includes a £881M pot to support the delivery of specific Tube upgrades, station upgrades and other projects. The remaining £1.9bn is to be assigned by TfL.

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