Crossrail and London Underground’s investment programme both survived the spending cuts but boroughs are bracing themselves for swingeing cuts to their Local Implementation Plan budgets.
The Greater London Authority’s transport grant (this year £2.764bn) will fall by 21% between 2010/11 and 2014/15. “This reduction marks a very real challenge to TfL and is almost certainly a price that had to be paid by the mayor for the preservation in full of both Crossrail and the...
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