Nexus, who operates the Tyne and Wear Metro, has announced that it has secured a further £1.66m of financial support from the Government to keep services running whilst it continues to feel the impact of lockdown restrictions.
The Department for Transport has confirmed more funding after Prime Minister, Boris Johnson, confirmed restriction lifting was being delayed by four weeks.
This latest funding means that Nexus has received £40m of Government support since March 2020.
Director of Finance and Resources at Nexus, John Fenwick, said: “This extra financial support is vital to support Metro services while lockdown eases and our customers continue to return.
“Passenger loadings seen since non-essential retail, outdoor and indoor hospitality re-opened have been really encouraging and the fare revenue that we have been generating has reduced the level of emergency support required from Government.
“We are doing lots of things to make travelling on the Metro more convenient and as safe as possible, but there is still a gap between the cost of running Metro services and the fare revenue we are generating.
“The funding will go towards meeting our operating costs, ensuring that a key local transport network is being sustained while it continues to face the biggest challenge in its 41year history.”
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