The investment lift forms part of a new 10-year Business Plan that would see road spending rise from a planned £1.9bn to £3.8bn, including £900m on cycling safety.
Next year, the London Mayor’s roads task force will set out the priorities for investment in London’s road network for all road users.
Safety will be a key element of the work, which includes a programme of action to improve junctions that were first designed many decades ago as well as introducing more new technology at traffic signals and pedestrian crossings.
Funding the plan would require £1.8bn a year from central Government and inflation-busting fare increases for Londoners.
- Double the Docklands Light Railway tracks that run between Stratford and Bow Church significantly increasing capacity.
- £300m to help boost regeneration in areas such as Elephant & Castle, Tottenham Hale and Woolwich
- Double-track the Croydon to Wimbledon tram link to increase frequency and capacity
- 28 more Tube stations to be step-free by 2020
Other key spending areas
The Mayor of London, Boris Johnson said: “Our funding settlement with Government expires at the end of 2014/15 and we are already making a strong case for new funding we will use to deliver a transport system that will keep London and the UK working and growing in an incredibly competitive global market place.”
