Transport for London (TfL) has secured £1.6bn in emergency funding to keep Tube and bus services running until September.
Under the bailout’s terms, London mayor Sadiq Khan is expected to restore a full Underground service as soon as possible.
He is also understood to have offered a 1% above-inflation fare rise in future.
Mr Khan had urged the government to provide support or risk TfL running out of money.
BBC London Political Editor Tim Donovan said other measures agreed to include:
Placing Stay Alert advertising on the transport network Reportin staff absenteeism rates to civil servants A longer-term review of TfL finances.
The BBC has been told a £500m loan agreed with the Department for Transport forms part of the total.
Speaking at Thursday’s Downing Street press briefing before the deal