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Susan Kramer: Liberal Democrat

Cover story; London's Mayor

Rallying call: 'My goal would be that everybody lives within a 10 minute bus ride from a turn up and go transport system.'

Background: A vice president of Chicago-based Citibank, her company Kramer Associates consults on major infrastructure projects in eastern and central Europe. Husband is former Transportation Secretary for Illinois.

London Underground: Wants to finance the Tube uprgade with revenue bond and use congestion charging revenue to pay for new lines. Dismisses claims that a similar scheme for the New York subway was a failure. 'The New York Subway had financial troubles long before it started to raise bonds for transport.' Dismisses Frank Dobson's claim that the taxpayer would have to carry cost overruns. 'Risk can be written into the construction contract under a bond scheme and I would appoint first rate managers who are experienced in fixed cost contracts,' she says.

Kramer plans to issue bonds in £3bn to £4bn tranches to 'exert discipline on TfL to keep to costs'.

Claims she could beef up LUL by bringing in top management motivated by performance incentives.

Opposes break up of London Underground into different infrastructure companies. 'If you are going to break up the system into three or four parts, it will be difficult getting agreement between them on when work is to be done. Suppose the player that goes first has delays and causes extra costs for everyone else. The risk of overruns becomes just as great and different responsibility for signalling could be dangerous.'

Congestion charging: Promises 'fair and reasonable congestion charges within first tem' but is vague about how her scheme would work. Supports idea of the Travelcard becoming the congestion tax disc. Will ensure some transport improvements are made ahead of congestion charging. 'I don't think Londoners expect every improvement before we bring in congestion charging but they are expecting an act of faith.'

Buses: Better enforcement of bus lanes. Supports cameras on buses and photographing bus lane violations. Will ensure that all buses are low floor and buggy accessible by the end of the first term.

Rail: Chelsea-Hackney rail link proposal is top priority.

Wants TfL to replace the Strategic Rail Authority asthe franchise director for all commuter rail routes coming into London.

Extra selling point: Wants safety audits on all stations in London with a view to introducing better lighting, CCTV cameras, and extra staff.

Strong point: Expertise in financing of transport projects adds credibility to her arguments on London Underground. Weakness: Little detail on congestion charging.

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