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"Tube and bus passengers face 10 years of inflation busting fare increases, London's transport chiefs have confirmed.
"This is to help pay for the 'unprecedented' doubling of spending on roads - from a planned £1.9 billion to £3.8bn - over the coming decade announced yesterday by Transport for London (TfL.)
"An extra £640 million is to be spent on cycling - on top of the £273m already earmarked for the next 10 years. Hundreds of millions of pounds more will be spent on the Tube."
From yesterday's Evening Standard:
Key points of ten-year plan
- The completion of Crossrail in 2018, expanding London’s rail capacity by 10 per cent (separately funded)
- Major station capacity increases at Victoria, Tottenham Court Road, Bond Street and Bank
- Northern line extension to Battersea, allowing 17,000 new jobs and 7,500 new homes to be created
- 600 new Bus for London vehicles by 2016
- Completion of the sub-surface Metropolitan, Circle, Hammersmith & City and District line upgrades in 2018 with 191 new trains
- An extra car on the London Overground’s North and West London lines and the Euston-Watford line by 2016
- A major bus station modernisation programme from 2015 to bring them to a good state of repair
- Silvertown Crossing construction and a new ferry at Gallions Reach
- DLR will have double tracks laid between Stratford and Bow Church
- Next generation of line upgrades, which will focus on the Piccadilly, Central, Bakerloo and Waterloo & City lines
- Four new trams and double tracking key sections of Tramlink between Croydon and Wimbledon.
"Delivering this Business Plan will maintain the city’s reputation as a world-leading location in which to live, work and do business, and will secure economic growth and prosperity for the entire country."
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"As the Plan sets out, our transport system needs two essential things to make that a reality.
- First, continuous renewal of the assets that must deliver reliable services for customers and users day in, day out. This includes modern trains and buses and advanced signalling to operate more rail services and keep traffic flowing.
- Second, sustained investment in infrastructure to improve reliability and reduce overcrowding on public transport and congestion on the roads."