London Mayor Promises `Minimal' Rise in Bus, Subway Train Fares "`It's my intention to minimize any other fare increases,'' the mayor said during a meeting with the legislative assembly today. ``We've had three quite painful years of fare increases.''
"London Underground ticket prices have risen at above- inflation levels for three years. The higher fares help to pay for a five-year, 10 billion-pound upgrade of buses and the 144- year-old London Underground, which is straining to keep pace with increased ridership." [from Bloomberg]
"Transport for London (TfL) is to spend up to £30m examining new technologies to improve road services and cut congestion in the capital.
"Over the next four years TfL will consider radio frequency identification (RFID) and satellite navigation to support the congestion charge and road pricing plans, advanced enforcement cameras and new traffic management systems." [from IT Week]
"The main contractor maintaining and upgrading the London Underground has formally launched the process through which it will seek hundreds of millions of pounds in extra funding from the public sector.
"Metronet Rail said ion Thursday that it had notified London Underground, the public sector operator which funds its work, that it intended to seek an extraordinary review of its spending from the arbiter of the underground’s public-private partnership (PPP) programme for its BCV infrastructure company." [from FT.com]