Transport for London's fares are set to rise by 4.6% next March, driven by government requirements for unlocking national funding for key transport projects.
Mayor Sadiq Khan explained that the fare increase is necessary to secure crucial national funding for projects like Superloop 2 and tube upgrades.
Despite the fare hikes, bus and tram fares will remain frozen at 1.75 for unlimited rides within an hour, benefiting many London commuters.
Khan emphasized that he has worked to make fares more affordable, stating that the overall average increase would be 3.6% when accounting for fare freezes.
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