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Metrolink bailout plan using Greater Manchester Combined Authority reserves revealed as emergency funding ends

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Metrolink has unveiled plans to dip into cash reserves of the Greater Manchester Combined Authority to help fund and secure its future, transport bosses have announced.

But the exact costings of the bailout proposal have not been revealed despite the Manchester Evening News asking for them. The owners of Metrolink, Transport for Greater Manchester (TfGM), gets the majority of its revenue funding from Greater Manchester Combined Authority anyway via a council tax levy.

Despite no amount being confirmed, it's said GMCA's reserves would need to be 'subsequently replenished'. Details of the proposal featured in agenda papers for a transport committee meeting held today - but the issue wasn't discussed by members.

The move comes as TfGM revealed that despite plummeting passenger numbers during the Covid-19 pandemic, commuter levels over the weekend of the Parklife music festival this year are estimated to have been the highest in Metrolink's 30-year history.

Read more on manchestereveningnews.co.uk
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