Latest Rail News

07.11.12

TfL fares to be capped at RPI+1%

Fares on London transport for the new year have been capped at an increase of RPI + 1%, the Mayor has announced. This will result in average rises of 4.2% in 2013.

Boris Johnson declared that £96m funding had been secured to ensure the fare rise was as low as possible. He also highlighted an expansion in investment in the network, expected to be outlined in detail in TfL’s new business plan before the end of the year.

This includes the completion of the London Overground orbital network, roll-out of new air-conditioned trains on the Circle and Hammersmith & City lines and new signalling for the Northern line.

Concessionary travel for the elderly and young people has also been protected.

Johnson said: “Before the end of the year I will spell out further investment on the transport network that will help us to provide faster, more frequent and reliable journeys for Londoners; and is crucial to the economic development and growth that is so vital to our great city.

“This fares package is hugely important to our millions of passengers and I am very pleased to have secured nearly £100m that will help to keep fares as low as possible, and protect the important concessions that we offer the most vulnerable Londoners.”

David Leibling, acting chair of London TravelWatch said: “While we are disappointed that fares have gone up at a time of increasing pressure on household budgets, we are pleased that the increase is less than originally planned. It is also encouraging to see transparency in the fares setting process.”

Tell us what you think – have your say below, or email us directly at opinion@railtechnologymagazine.com

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