The cost of travelling on London transport for adults will rise by more than inflation next year as a fares freeze imposed by Ken Livingstone is scrapped. Several transport schemes announced by the former mayor will also be dropped, but Johnson has pledged that the £16bn Crossrail project and a £30bn upgrade of the underground network will go ahead.
According to Johnson's officials, postponing the planned 2008 fare rise cost £60m, while a cut in some types of bus fare cost £24m. To plug that gap, adult fares will have to rise at least 1% above inflation, equivalent to an increase of 6%. That would mean a single peak-time tube fare in central London would rise from £6.30 to about £6.70, while an adult bus fare would rise from 90p to 95p. Discounted fares for elderly and disabled people will remain.
Some fares will be cut to encourage people to travel off peak.
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