TfL and Great Portland row over new site January 20, 2010 GREAT Portland Estates clashed with Transport for London (TfL) over the amount the London landlord was paid for two buildings that will make way to build Crossrail’s Bond Street station. TfL paid the property developer £35.9m for 18 and 19 Hanover Square via a compulsory purchase order last month. However, the business insists the properties [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 29, 2009 FINANCIAL TIMES ASIAN SHIPPING LINES SUFFER FURTHER LOSSESTwo of Asia’s biggest shipping lines announced major losses for the June-September quarter in a further sign of the unprecedented severity of the crisis battering the industry. Singapore’s Neptune Orient Lines said that it would lose money at least for the first half of 2010 as it announced [...]
Boris to hike prices for TfL and C-charge October 15, 2009 LONDON Mayor Boris Johnson yesterday blamed the recession and the “mistakes of the past” as he unveiled sweeping hikes to Transport for London’s (TfL) fare package. Johnson said tube fares would rise 3.9 per cent overall next year, while bus prices will jump by 12.7 per cent. The changes come alongside a proposed increase to [...]
FOOD & BOOZE NEWS October 5, 2009 QUO VADIS OPENS ON SUNDAYSFashionable Soho restaurant Quo Vadis is now open for business throughout the weekend, with Sunday lunch and dinner on the menu. Owners Sam and Eddie Hart are aiming for a relaxed, family atmosphere during the day, with entertainers keeping the littl’uns amused upstairs while parents enjoy lunch in the restaurant below. [...]
TfL secures 1bn loan from EIB to help fund Crossrail September 7, 2009 TRANSPORT for London (TfL) has secured a £1bn loan from the European Investment Bank (EIB) to finance 40 per cent of its contribution to the Crossrail project, it will say today. “For the EIB to agree to the loan facility provides international recognition of Crossrail’s importance and is a further milestone in the delivery of [...]
TfL seeks to smooth out traffic August 18, 2009 Transport for London (TfL) is set to smooth traffic flow by identifying traffic hotspots, it said yesterday. Intelligent traffic cameras that detect jams as they build up are set to revolutionise the way TfL tackles congestion in the Capital. Twenty cameras fitted with special image recognition technology have been put at traffic hot spots across London.
WHAT THE OTHER PAPERS SAY THIS MORNING August 12, 2009 FINANCIAL TIMES BHP CALLS FOR MARKETS TO SET IRON ORE PRICESBHP Billiton, the world’s biggest miner, has made a plea for the “emotion and anxiety” to be taken out of the iron ore business with a shift to market-based pricing like oil or coal. The plea by Marius Kloppers, chief executive of BHP, came a [...]
LCCI speaks out on the C-charge August 6, 2009 The London Chamber of Commerce spoke out yesterday after TfL said it was looking into congestion charge exemptions for low emission cars, calling for more relaxed rules for businesses. “It would make much more sense for TfL to consider how to mitigate the effects for businesses, who are particularly badly hit by the C-charge,” it [...]
Strike threat as tube staff are balloted July 7, 2009 THOUSANDS of London commuters face further disruption this summer, as 600 staff at London Underground (LU) prepare to be balloted on industrial action, after union leaders rejected a final pay offer. Unite union said LU’s offer of 1.5 per cent in the first year and retail prices index (RPI) plus 0.5 per cent in the [...]
TfL minds the funds gap June 21, 2009 TRANSPORT for London has narrowed the tube funding gap by £2.5bn with a massive cost cutting drive. The new budget plan for three quarters of the tube network includes deferring upgrades, axing 1,000 jobs and rewriting engineering contracts. Under the plan, set to be announced on Wednesday, £800m will be saved by postponing work on [...]