English bus operators handed £170m virus bailout
[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.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight 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
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Heathrow faces further strike action in May from ground staff
Boeing bid for Spirit AeroSystems hits snag over Airbus assets
Tesla to cut 400 jobs in Germany via voluntary programme
GE Aerospace raises earnings goal on strong engine sales
UPS profit beats estimates as cost cuts offset weak delivery demand
General Motors beats quarterly results targets, raises forecast