The Mayor of London has set out Transport for London’s 10 year business plan, which includes a doubling of road spending.
The Mayor says the plan will spearhead the drive for new jobs and economic growth in the capital.
Boris Johnson said: “As sure as night follows day investment in transport drives economic activity and investment in the capital benefits the entire country.”
Transport for London’s (TfL) new draft Business Plan outlines how they will look to deliver upgrades and improvements to London’s transport network helping to ensure that the capital remains a world-leading city.
Under current arrangements agreed with Government, funding for the Mayor’s plans is secure until the end of the 2014/15 financial year. However, TfL will use a 10 year programme of improvements set out in the Business Plan to argue the case for a steady stream of Government funding over the next decade.
The TfL Business Plan sets out how the Mayor also intends there to be a doubling of planned spending on London’s roads over the next 10 years rising from a planned £1.9bn to £3.8bn.
Around 80 per cent of journeys each day in the capital are made using roads and the Mayor’s investment will look to target congestion. The Mayor’s Roads Task Force will set out the priorities for investment in London’s road network for all road users.
The plans also include:
- the first phase of the Northern line upgrade
- new, air conditioned trains on the Circle, Hammersmith & City and District lines
- a range of improvements to cycling