The Welsh Government has received a £64.5m Barnett formula consequential as a result of the UK Government's decision to provide Transport for London with emergency funding.
The £1.6bn emergency support for Transport of London, where bus, tube and rail passenger numbers have plummeted due the Covid-19 pandemic, was announced earlier this week.
£1.1bn is a grant and the remainder of the amount to Transport for London is in the form of a loan. The Barnett formula for the Welsh Government was only calculated on the £1.1bn grant element.
It will be matter for the Welsh Government to decide how it allocates the additional funding. It has already announced a £70m funding package to support hard hit bus and rail operators in Wales.
The total amount of funding provided by the UK Government to support the effort to tackle the coronavirus in Wales currently stands at over £2.2bn.
Secretary of State for Wales Simon Hart said: “Many transport organisations across the UK are facing hardship as a result of the impact of the coronavirus pandemic, and those in Wales are no exception. While we are urging people to work from home where possible and only to travel when absolutely necessary, there are still those who need to travel to work and people need to be able to travel safely while respecting social distancing once restrictions are gradually lifted.
“While it is up to the Welsh Government to decide how to allocate this additional funding, key transport services require protection so they can support Wales’ economic recovery from Covid-19.”
