Oxford Street transformation to get underway by December 2018 as TfL and Westminster City Council launch consultation April 24, 2017 The transformation of Oxford Street is planned to start by the end of next year, as Westminster City Council and Transport for London (TfL) today launch a consultation on the development. The consultation considers moves such as removing access for taxis, saying it would “increase the extent” to which Oxford Street could be transformed. Currently, [...]
Asleep at the wheel: MPs and campaigners blast transport top dogs over botched HS2 contract April 20, 2017 A whistleblower exposed a conflict of interest at the heart of a £170m High Speed 2 contract, it emerged yesterday, triggering fresh criticism of the government’s handling of procurement on its flagship £56bn rail project. American firm CH2M was awarded the development partner contract on HS2 in February, beating Bechtel and a joint venture between [...]
Bolstering regional infrastructure will add £175bn to the UK economy by 2024, says the CBI April 20, 2017 Unlocking higher productivity through bolstering regional infrastructure links could add £175bn to England’s economy by 2024, according to the Confederation of British Industry (CBI). Of that, £12.7bn is attributable to London. Read more: Government should cut business rates if there’s a Brexit slowdown: CBI The CBI has released a new report noting infrastructure as a [...]
Seatbelt laws created a new danger – and a lesson for investors April 18, 2017 Australia was first to enact seatbelt legislation in 1970, creating some unexpected results. It underlines an important point for investors about risk, according to value investing blogger Kevin Murphy. No matter what anyone may tell you or try to do, attempts to reduce risk in any system – investment or otherwise – only succeed in [...]
Crossrail 2 boss Michèle Dix expects government decision to keep project on track next month April 10, 2017 The boss of Crossrail 2 is hoping to get the go-ahead to push on with the £30bn project by next month. Crossrail 2 managing director Michèle Dix said there is “very good cross-party support up and down the route”, and she was hoping the government will give Crossrail 2’s business case and funding plan the [...]
Labour Brexiteer John Mills’ £18,500 donation to Ukip is to be investigated by the Electoral Commission after a complaint from Labour MEP Seb Dance April 10, 2017 Ukip and millionaire Labour donor John Mills are facing an investigation by the Electoral Commission over an £18,500 cheque he made out to the eurosceptic party during the Brexit campaign. JML founder Mills, who ran Labour’s Leave campaign, which was backed by the likes of Vauxhall MP Kate Hoey, handed over the cash to Ukip [...]
HS2 starts hunt for designers of railway stations across London and Birmingham April 8, 2017 HS2 has launched its hunt for the architects, designers and developers who will build three brand new railway stations and revamp one of London’s iconic terminals. New stations are set to be built at Birmingham Curzon Street, Birmingham Interchange and London’s Old Oak Common. And London Euston will undergo an overhaul to revitalise the intercity [...]
London mayor Sadiq Khan confirms date of April 2019 to bring in daily charge on the capital’s most polluting vehicles April 4, 2017 London mayor Sadiq Khan has confirmed he will bring forward the introduction of an ultra-low emission zone and plans to expand it from central London to the North Circular and South Circular roads. The most polluting vehicles will have to pay a daily charge (£12.50 for cars, vans and motorbikes; £100 for buses, coaches and [...]
We’re going to build Crossrail 2 and the private sector is going to pay for it April 3, 2017 Passengers crammed on to the Central, District, Circle and Piccadilly Lines are gasping for the opening of the Elizabeth Line, running from west to east, from Heathrow to Canary Wharf and beyond, late next year. But what about Londoners packed on to the north-south Northern, Victoria, Bakerloo and Jubilee Lines who suffer from similar over-crowding [...]
Uber is expanding its electric car plans in London to tackle air pollution, with more Nissan Leafs and a network of chargers March 28, 2017 Uber is expanding its fleet of electric vehicles in London in a bid to tackle air pollution in the capital. Another 100 Nissan Leafs will join the 50 already on the road since last summer, while the transport startup will create a network of charging points across the city. Initial analysis of the electric car [...]