Touchless bus fares pass first year December 15, 2013 More than 6.5m journeys on London’s buses were paid for with contactless bank cards in the first year of the technology’s use, according to Transport for London. This represents less than one per cent of the 2.3bn bus trips taken, but TfL said interest in the scheme is growing as it passes its first anniversary. [...]
Crossrail is hailed for being on track even with funding setbacks January 23, 2014 CROSSRAIL has been praised for sticking to its budget and overall schedule by the National Audit Office, despite a smaller-than-expected contribution from the private sector. With the £14.8bn railway across London now half-built, the spending watchdog said Crossrail was set to provide good value for money. “The sponsors and Crossrail Limited have so far done [...]
Tube and bus fares rise in line with inflation December 3, 2013 THE COST of public transport in London will rise by an average of 3.1 per cent in January, the Mayor of London announced yesterday along with a claim that the change represents a real-term price freeze. Some tickets, including the single bus fare paid in cash and pay-as-you-go daily caps, will be kept at 2013 [...]
TfL plans for £4.2bn more cuts December 4, 2013 Transport for London has pledged to save a further £4.2bn over the next seven years – though its plans assume that fares will rise by more than inflation after 2014’s price hikes. TfL has already planned £12bn-worth of savings up to 2021. The extra reductions, sketched out in yesterday’s business plan, will come from closing [...]
Barclays to end its sponsorship of Boris Bikes December 10, 2013 BARCLAYS will not renew its sponsorship of the London bicycle hire scheme when it ends in 2015, it confirmed last night. The bank signed a deal worth £50m to sponsor the bikes, named colloquially after London mayor Boris Johnson, in 2010. But in a joint statement with Transport for London, Barclays said it will not [...]
Letters to the Editor – 04/12 – Tube fare freeze, Best of Twitter December 3, 2013 Tube fare freeze A real terms transport fares freeze in January is welcome news. But TfL could continue to freeze fares at inflation in future years. It has an annual turnover just shy of £10bn and a capital investment programme in the tens of billions. Freezing fares at inflation for a year costs just £34m [...]
More passengers set to feel the squeeze on London’s busy buses October 28, 2013 THE CITY’S buses will become more crowded unless Transport for London adds more services to meet soaring demand, a report out today from the London Assembly claims. The assembly has called on the Mayor of London and TfL to pinpoint which routes they would improve in the coming years. The number of bus trips rose [...]
Tube set to open all night on Fridays and Saturdays November 21, 2013 THE TUBE will keep running through the night at weekends from 2015, in a plan hailed by firms as changing the face of London’s night-time economy. However, unions threatened strike action after TfL announced alongside the night Tube that it was scrapping ticket office staff. Mayor Boris Johnson said London will be “a city fit [...]
Why a Yes vote in Scotland would mean chaos in Westminster February 6, 2014 THE penny is beginning to drop in boardrooms across the City. It is all too possible, though still not the most likely outcome, that the Scottish electorate will decide to vote to leave the UK. The polls still show a large lead for the No side, albeit one that is shrinking. Large numbers of voters [...]
London buses set to stop accepting cash fares from next year August 19, 2013 TRANSPORT for London wants to axe cash payments on the city’s buses from next year, though user groups and politicians have sought assurances that the proposal will not leave passengers stranded. TfL estimates that less than one per cent of journeys, or 60,000 a day, are paid for in cash. Yesterday it asked the public [...]