Background to the TIF
The Transport Innovation Fund (TIF) is a central Government fund that supports "innovative solutions to congestion problems, involving demand management measures".
Why a bid?
The Association of Greater Manchester Authorities (AGMA) and Greater Manchester Passenger Transport Authority (GMPTA) are combining forces in their bid to the Transport Innovation Fund (TIF). AGMA represents all 10 of Greater Manchester’s local authorities and GMPTA is responsible for public transport in the city region.
Under the proposal, Greater Manchester would receive £1.5 billion from the Government's Transport Innovation Fund (TIF). In addition to the Government funding, £1.2 billion would be borrowed, which would be paid back through a mix of congestion charging and public transport revenues. Once the loan has been paid back, money from the charge would be spent on further public transport improvements and reducing congestion. There is additional funding from the Department for Transport (DfT) for more train carriages and a further contribution of £0.1 billion from other sources.
A Public Consultation on the Transport Innovation Fund proposals ran from 7 July to 10 October 2008. You can download the consultation brochure and the information pack from that Consultation, which is now finished.
You can download the consultation brochure or get more detail by reading some of the supporting documents:
Background to the Greater Manchester TIF bid
Public transport and charging details
