TfL “shelving” bridge anti-terror barrier work
Transport for London is reported to be abandoning plans to install permanent anti-terror barriers on bridges in central London because of their cost. London’s Evening Standard has seen TfL committee papers released ahead of a meeting this week that “several planned projects” will no longer go ahead in 2022/23 due to “the reduced funding available” […]
TfL’s debt rating downgraded
The credit ratings agency Moody’s has downgraded Transport for London’s debt, due to the “uncertainty” of its long-term funding. London’s financial paper City AM reports that Moody’s has announced it’s downgraded TfL’s long-term debt as a result of weaker economic growth and higher inflation delaying the service’s return to higher passenger numbers alongside a lack […]
London’s ULEZ sees greater compliance than expected
London’s Ultra Low Emissions Zone has seen smaller revenues than expected since its expansion, suggesting that more people are avoiding driving affected cars than was forecast. London’s financial paper City AM quotes a performance report which says TfL made only £16 million from ULEZ’s expansion to cover the North and South Circular Roads, where polluting […]
Uber gets 30 month licence in London
Uber has announced it has been granted a new 30 month licence in London. It has tweeted that Transport for London “rightly holds our industry to the highest regulatory and safety standards and we are pleased to have met their high bar.” In a separate tweet it added, “As we continue to serve London, we […]
Santander Cycles celebrates six record breaking months in a row, with the most February hires ever
Transport for London’s cycle hire scheme, Santander Cycles, has recorded the highest ever number of hires in the month of February with 750,000 hires made last month, an average of almost 27,000 per day. January was also a record month for the scheme, with 748,000 hires, or 24,000 per day. These records follow on from record months in September, October, November and December last year, as well as […]
London may get specific river crossing committee
Transport for London’s commissioner Andy Byford has stated he would be in favour of formalising the existence of a committee to oversee maintenance of London’s river crossings. London’s financial paper City AM says that at the London Assembly’s transport committee, Byford agreed that TfL alongside the central government and London boroughs should formalise the mandate […]
TfL sets out bus strategy
Transport for London has published its long-term plan for buses, which it aims to see the network attract more customers and help the capital become net zero by 2030. Buses are already the most used form of public transport in the capital, and TfL says its Bus Action Plan will create an even more attractive […]
London cab fares rising 5.5%
Black cabs fares in London are to rise 5.5% in an attempt to reduce the number of drivers giving up the profession and coping with a rise in costs. London’s Evening Standard reports that, from 30 April, minimum fares between 5am and 10pm will increase from £3.20 to £3.80, while travellers to Heathrow will see […]
New cycle lane for Greenwich
The Royal Borough of Greenwich and Transport for London have confirmed plans to make improvements to a cycle route between Greenwich and Woolwich, following a successful initial trial period. The council says the temporary cycle lane was installed during the pandemic to help people get around the borough by bike more easily and safely. Following feedback […]
TfL funding deal includes driverless train requirement
It’s been revealed Transport for London must work towards introducing driverless trains on the Tube under the terms of its new £200m bail-out deal. The London Evening Standard has seen full details of the conditions that TfL is required to meet in return for its latest bailout contained in a letter from Transport Secretary Grant […]