The Mayor of London will invest £168.3 million on local schemes in a bid to make transport in the capital “safer”.
Transport for London (TfL) allocates funding for local schemes based on borough spending and Local Implementation Plans (LIPs).
Peter Hendy, London’s transport commissioner, remarked that this was the “largest-ever” funding announcement.
The Mayor of London, Boris Johnson also highlighted the introduction of a new flexible £100,000 award, which boroughs can “spend as they choose”.
He said the scheme would help “make travelling safer, more accessible and more environment-friendly, helping to improve the quality of life for people across London”.
The announcement follows the mayor’s decision to abolish the western extension to the London congestion charge zone.
TfL is expected to lose an estimated £70 million in charges that would have been accrued through the scheme.