Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

New transport funding mechanism for London

17 March 2017
 

The Government is to work with the Greater London Authority (GLA) and London boroughs on a new source of funding for transport. 

The pledge is part of a memorandum of understanding (MoU) between the Government, GLA and London Councils on further devolution to the capital, announced in last week’s Budget. 

The Treasury said a taskforce would be set up to explore “piloting a new approach to funding infrastructure”. London mayor Sadiq Khan’s office said:...

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