Sir Malcolm Bates
, the Chairman of London Transport
, said: "I very much welcome today's announcement as a sign of the Government's commitment to the Underground.We have a common vision: to secure long term assured funding to create a sustainable Underground.The challenges are immense, but today's announcement ensures we can now plan ahead with certainty - making improvements which will benefit passengers."
NOTES TO EDITORS
...We appointed a new Chairman, Sir Malcolm Bates, earlier this year, and we are further strengthening the Board.
I shall be monitoring London Transport
's performance closely to ensure that they deliver.
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