English bus operators handed £170m virus bailout
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[LONDON] Britain announced Friday that it will pump almost £170 million (S$300 million) into bus companies in England to safeguard services, after demand was ravaged by the novel coronavirus pandemic.
The rescue will ensure buses can continue to transport people who are unable to work from home, the government said in a statement.
"Our buses are a lifeline for people who need to travel for work or to buy food - including our emergency services and NHS (National Health Service) staff - and it's absolutely vital we do all we can to keep the sector running," said Transport Secretary Grant Shapps.
"This multimillion-pound investment will protect crucial local transport links across England, bolstering the sector and minimising disruption for passengers in the long term."
The Department for Transport added that bus operators will be required to maintain up to half of normal service levels.
They must also allow adequate social distancing space between passengers, and keep them informed about revised operating timetables.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
The package, which will be paid over a 12-week period under the new Covid-19 Bus Services Support Grant, has been agreed with bus operators.
The firms will continue to receive £200 million of existing grants to help recover some fuel costs.
Finance minister Rishi Sunak added that the package would hand a lifeline to essential staff including those working for the NHS.
"It's vital people protect our NHS by staying at home during the outbreak - but we also need to ensure that doctors, nurses and other key workers, can travel to and from their jobs," Mr Sunak said.
"This funding will provide a lifeline for those on the frontline as well as those who cannot work from home."
AFP
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant