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

  • Ertico coordinates big data debate
    November 2, 2016
    David Crawford finds that agreeing a common data standard for auto manufacturers’ onboard sensors, navigation system companies and map makers is proving a complex task.
    Read More
  • USDoT pilots show win-win potential for connected vehicles
    December 19, 2017
    Pete Goldin discovers the state of play with connected vehicles trials in the US and the impact of Hurricane Irma on Tampa’s pilot. The US Department of Transportation’s (USDoT’s) connected vehicle (CV) pilot sites have moved into phase 2 of the deployment programme– design, build, test and, maybe most importantly, collaborate.
    Read More
  • Transport for London and Cubic scoop another major ticketing award
    October 9, 2015
    Cubic Transportation Systems (CTS) and Transport for London (TfL)’s contactless bankcard system have been awarded the Most Innovative Transport Project prize at the recent National Transport Awards, the seventh major award this year for Cubic and TfL’s contactless system. Launched in 2012, the contactless bankcard system was extended in 2014 to cover London’s entire transit network – including Tube, rail, bus and tram services. Since the introduction of the contactless payment scheme, more than 180 milli
    Read More
  • UK trial of electric cars proves they are greener
    June 14, 2013
    Experts leading a major three-year trial into the impact of electric vehicles and the role they could play in our transport systems of the future, have shown that rolling them out across our city’s roads would protect both our health and the environment. Data gathered and analysed by transport experts at the UK’s Newcastle University shows that daytime air pollution levels in our towns and cities regularly exceed the Government’s recommended 40µg m-3 (21 parts per billion) for prolonged periods, putting peo
    Read More

Highlighted Content