Tyne & Wear Metro: Funding crisis?

[Meole]

Metro network could close as Nexus lose £1m every week due to coronavirus crisis

There are mounting fears over the Metro's future as it is loses almost £1 million a week due to reduced passenger numbers, though it is hoped that a government bailout could now be close

www.chroniclelive.co.uk

As the struggling rail network loses close to £1 million a week after passenger numbers dropped more than 90% and still without any promise of any government support, there are mounting fears over the system's future.

Transport bosses say they need a £10 million bailout from ministers just to keep the Metro running until July, but the Department for Transport has yet to pledge any funding despite more than a month of negotiations – though there are reports that a deal may now be close.

However, ChronicleLive understands that latest negotiations between Metro operator Nexus and the government have been “productive” and that an unprecedented mothballing of the service is not being contemplated yet

Looks like the whole system will close soon.

 

[MetroCar4058]

Metro network could close as Nexus lose £1m every week due to coronavirus crisis

There are mounting fears over the Metro's future as it is loses almost £1 million a week due to reduced passenger numbers, though it is hoped that a government bailout could now be close

www.chroniclelive.co.uk

Looks like the whole system will close soon.

MetroLink are making that claim also. They won’t close, it’s to rapidly force the release of funding from the government, who ironically have been quick to give cash to private transport operators but not state run transport systems. Expect a gov funding agreement in the coming days.

 

[jkkne]

Yes it's our local Stalin's playing politics.

Gannon waffling on about the ice age.

 

[Tetchytyke]

Metro network could close as Nexus lose £1m every week due to coronavirus crisis

There are mounting fears over the Metro's future as it is loses almost £1 million a week due to reduced passenger numbers, though it is hoped that a government bailout could now be close

www.chroniclelive.co.uk

Looks like the whole system will close soon.

Nah, it's just the usual low-wattage suspects in north east politics (yes, I do mean Nick Forbes and Gannon) playing games.

 

[ModernRailways]

Transport Secetary promises 'millions' to save Tyne and Wear Metro afloat

The Government says it will save the Tyne and Wear Metro from closure but little detail was given about the level of funding on offer

www.chroniclelive.co.uk

As expected Government will keep the Metro running as long as possible.

This looks like the councillors have won and are making the Government act, not the case at all.