TfL forecasts costs of fixing bridges and tunnels will exceed £35m May 17, 2022 Fixing London’s tunnels and bridges will cost Transport for London (TfL) a total of more than £35m by financial year 2024/2025. According to documents released ahead of tomorrow’s committee meeting, TfL has set aside £6.8m for interim and reactive safety measures during the coming financial year, spending £6.2m last year on interim and reactive safety [...]
The Elizabeth line effect: House prices along Crossrail skyrocket by as much as 215 per cent May 17, 2022 With the initial launch of Crossrail imminent, it has emerged that postcodes with stations due to benefit from Crossrail (CR) have seen house prices increase by up to 215 per cent since the project was first announced, carrying a 14 per cent premium versus the wider areas. Postcodes home to a Crossrail station have seen [...]
Royal welcome: Queen attends official opening of long awaited Elizabeth Line May 17, 2022 The Queen amazed everyone when she attended the official opening of the Elizabeth Line on Tuesday morning. The monarch was pictured at Paddington station, where she was welcomed by Prime Minister Boris Johnson, London mayor Sadiq Khan and Transport for London (TfL) commissioner Andy Byford. The Queen, 96, met with Crossrail workers and was presented [...]
The prodigal daughter returns: a love letter to the Northern Line after four long months May 17, 2022 Being grateful for the Monday morning commute is normally the purview of yoga bloggers or influencers, not journalists. But yesterday was a moment to rejoice as the Bank branch of the Northern Line finally reopened its doors after four long months of stasis. The closure of the Moorgate to Kennington service was announced last year [...]
Israeli transport tech firm gears up for London growth with $100m funding injection May 16, 2022 An Israeli transport tech firm is poised for a growth push in London after unveiling a $100m funding injection today, taking its valuation to $1.3bn.
Queen’s Platinum Jubilee: TfL marks monarch’s landmark by turning buses purple May 13, 2022 Transport for London (TfL) is turning buses purple in honour of the Queen’s Platinum Jubilee this June. The public body will wrap in several buses servicing routes usually associated with the monarchy, including Kensington Palace and Westminster Abbey. “London is looking forward to hosting the historic celebrations of the Platinum Jubilee in June, and it [...]
TfL announces reopening of Jubilee line Night Tube services May 13, 2022 Transport for London (TfL) has announced that Night Tube services on the Jubilee line will resume from next Saturday. Jubilee services will run on Friday and Saturday night, joining the Central and Victoria lines – which reopened in November after the public demanded the reopening to guarantee the safety of more vulnerable people. “From next [...]
TfL pauses works on London bridges’ anti-terror barriers due to financial pressure May 13, 2022 Transport for London (TfL) reportedly paused its plans to instal £35m worth of permanent anti-terror barriers on London bridges because of its financial situation. TfL board papers, which were released ahead of next’s week committee meeting, report that “several planned projects,” won’t go ahead because of “the reduced funding available,” the Evening Standard reported. Called [...]
Transport for London debt downgraded by ratings agency due to “uncertain” financial future May 9, 2022 A MAJOR ratings agency has downgraded Transport for London’s (TfL) debt due to the “uncertainty” of its long-term funding, in a further sign of the financial difficulty the operator finds itself in. Moody’s announced it had downgraded TfL’s long-term debt as a result of weaker economic growth and higher inflation delaying the service’s return to [...]
Northern Line Bank branch to reopen next Monday after seventeen-week closure May 9, 2022 THE CITY’S REBOUND from Covid-19 will receive a significant boost next week when the Northern Line’s Bank branch reopens. Stations from Moorgate to Kennington will welcome commuters again after a seventeen-week closure on Monday May 16. The work to upgrade Bank station has been completed on time and the new station is set to offer [...]