Chancellor Rachel Reeves announced a £2.2 billion funding allocation for Transport for London from 2026 to 2030, but London Mayor Sadiq Khan expressed disappointment that it will not address any new infrastructure projects needed for economic growth and affordable housing. Important projects, like the extension of the Docklands Light Railway and Bakerloo line, are essential for facilitating jobs and homes in London. Despite these concerns, TfL welcomed the funding, asserting it would sustain existing transport systems and improve infrastructure without additional new projects.
Chancellor Rachel Reeves announced £2.2 billion funding for TfL from 2026-2030, but London Mayor Sadiq Khan stated it will not support new infrastructure projects.
The Mayor’s concerns highlight that infrastructure projects like the DLR extension are crucial for economic growth and the creation of affordable homes in London.
TfL welcomed the funding deal, emphasizing its role in ensuring sustainable investment across transport systems, including new trains and improved road conditions.
Transport Commissioner Andy Lord noted that funding would facilitate critical upgrades in the transit system, enabling significant improvements to services like the Bakerloo line.
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