The Transport for London (TfL) board approved its draft business plan last Wednesday and will now begin lobbying government for funding, NCE has learned.
TfL already has funding until 2014, and is now seeking to secure enough money to support it for the duration of its 10 year plan, and to complete its planned improvements.
The plan outlines massive investment in London’s infrastructure. Spending on roads is planned to double to £3.8bn to target congestion, with £300M to improve links in Elephant and Castle, Woolwich and Tottenham Hale.
Proposals are also in place to double the Docklands Light Railway tracks between Stratford and Bow Church, and add an extra carriage on Overground trains.