Mayor confirms London transport funding for next three years

The Mayor of London, Boris Johnson, has confirmed that Transport for London’s (TfL) financial support to local transport projects through the Local Implementation Fund (LIP), will be held constant at US$240.8 million a year for the next three years to 2016/17. LIP funding has been protected through TfL's savings and efficiencies programme in recognition of the vital role the boroughs play in local delivery of the Mayor's Transport Strategy, despite a reduction in TfL's Central Government funding. Th
December 18, 2013 Read time: 2 mins
The Mayor of London, Boris Johnson, has confirmed that 1466 Transport for London’s (TfL) financial support to local transport projects through the Local Implementation Fund (LIP), will be held constant at US$240.8 million a year for the next three years to 2016/17.

LIP funding has been protected through TfL's savings and efficiencies programme in recognition of the vital role the boroughs play in local delivery of the Mayor's Transport Strategy, despite a reduction in TfL's Central Government funding.
 
The funding will be used by the boroughs to support projects that will create safer cycling infrastructure, improve roads, high streets and neighbourhoods and tackle air pollution across London.

These improvements form part of the wider work TfL is carrying out across London to deliver the recommendations of the Mayor’s Roads Task Force (RTF) to tackle the challenges facing London's streets and roads. This independent body brings together a wide range of interests and expertise, united in the belief that the capital needs a long-term strategy for roads and a commitment to major investment in street management and urban design.

For more information on companies in this article

Related Content

  • Car traffic in London is down but congestion is up, says new study
    May 18, 2016
    London Congestion Trends, an in-depth study of the causes of traffic congestion in London between 2012 and 2015 published by Inrix, indicates that congestion in London is increasing, with journey times in Central London growing by 12 per cent annually. Inrix says this is consistent with data that shows that the London economy and population are growing, which normally results in an increase in gridlock. Further, unemployment and fuel prices are down, both of which usually mean a rise in traffic. Despite thi
    Read More
  • Get most dangerous drivers off Europe’s roads, say police chiefs
    October 5, 2015
    As part of its support for the European target of halving road deaths by 2020, Tispol will use its annual Conference in Manchester on 6 and 7 October to call for better protection of vulnerable road users, with greater efforts to rid Europe’s roads of the most dangerous drivers. Senior police officers, academics, policy makers and other road safety professionals will consider a range of specific issues during the two-day conference, including: Safer driving in later life; Fatigue in emergency service dr
    Read More
  • London’s new Cycle Superhighway given the green light
    September 1, 2016
    The Mayor of London, Sadiq Khan, and Transport for London (TfL) are to proceed with the North-South Cycle Superhighway to King’s Cross after majority support in the recent public consultation. The plans, which will also benefit pedestrians with wider pavements and more crossing points, were supported by 70 per cent of the public.
    Read More
  • Anywhere card delivers prepaid contactless ticketing
    January 25, 2012
    David Crawford investigates a far reaching initiative in integrated travel. The Port Authority Transit Corporation (PATCO), an operator of high speed commuter rail in the north eastern US, is not one of the world's best known transit providers. Its 13 stations along a single east-west route (three of them interchanges with other regional commuter lines) handle 40,000 passengers a day, travelling to and from Philadelphia, the US' fifth most populous city.
    Read More

Highlighted Content