Mayor and TfL confirm £148M in funding for the London boroughs

The Mayor and Transport for London have confirmed a New Year boost of £148M for transport services and town centres across London.

Transport for London provide the annual borough funding to help the boroughs pay for local transport projects set out in their Local Implementation Plans (LIPs). The LIPs show how the boroughs will support the Mayors Transport Strategy in their area, with TfL’s financial support for the boroughs LIPs maintained at £147.8M.

The improvements aim to benefit the local communities with projects for safer roads, better public spaces, improved walking facilities and improvements on cycling safety.

Included in the funding is £1.4M towards the City of London, with £200,000 towards proposals to transform Bank Junction with widened footways, cycle routes and improved public space to make the busy junction safer.

A total of £6.4M will be spent on Westminster, transforming public spaces and creating better cycle routes. Camden have £4.9M, including £2M towards the West End Project. Funding for Islington is a total of £2M, with £350,000 to be spent on borough-wide road safety improvements. Southwark have £4.1M, including £820,000 to improve safety at Camberwell.

The Mayor of London, Boris Johnson MP, said: “This latest round of funding will help to transform scores of locations in all four corners of our great city. It is specifically targeted to help make our roads, town centres and open spaces more attractive places with better facilities for walking and safer cycling. By helping the boroughs deliver on important local transport schemes, we can help to spur jobs and growth across London.”

In addition to funding for boroughs, TfL is working to help improve the efficiency of the delivery of projects, ensuring value for money and minimising disruption.

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