Core Points - The UK government announced a £3 billion investment to upgrade public transport services and infrastructure, aiming to provide cheaper, more frequent, reliable, and safer travel options for citizens [1] - This funding will be allocated over several years, with local authorities receiving nearly £700 million annually until the 2028-2029 fiscal year, allowing flexibility in reducing fares, adding routes, and deploying zero-emission buses [1] - The investment follows the implementation of the Public Transport Services Act in October 2025, which will support local authorities in operating bus services and promote franchising models [1] - This initiative is part of a broader plan to lower bus fares, which includes extending the £3 fare cap and freezing rail fares, with expectations to reverse the decline in bus services and restore public confidence in travel [1] Funding and Allocation - The £3 billion investment is a multi-year funding plan aimed at enhancing public transport [1] - Local authorities will receive approximately £700 million each year, providing them with the ability to implement various improvements [1] Policy Context - The funding initiative is closely linked to the upcoming Public Transport Services Act, which will empower local authorities to manage bus services independently [1] - The investment is expected to stimulate economic growth and reduce living costs by improving public transport accessibility [1]