Transport for London has unveiled a £30 billion draft business plan that promises to transform the capital's transport network by 2030, targeting financial stability whilst delivering major upgrades to the Tube, buses and cycling infrastructure.
The six-year plan, covering 2024/25 to 2029/30, centres on maintaining and modernising London's extensive transport system. Key investments include new Piccadilly line trains to boost capacity and reliability, plus station accessibility improvements across the network. The upgrades aim to serve millions of daily commuters and visitors more effectively as passenger numbers recover post-pandemic.
Environmental goals feature prominently, with TfL pledging to accelerate decarbonisation through zero-emission buses and expanded electric vehicle charging points. The plan emphasises active travel improvements, enhancing walking and cycling routes to encourage healthier, more sustainable journeys across London's communities.
Financial sustainability remains critical, with TfL targeting operational stability by 2025/26. The transport body plans to achieve this through efficiency savings, rising passenger revenue as ridership returns, and securing long-term funding agreements. These measures address ongoing financial pressures whilst maintaining essential services for Londoners.
The ambitious programme underpins London's economic future, supporting the city's role as a global hub. A reliable, accessible transport network is essential for attracting investment and talent, whilst connecting communities and improving residents' quality of life through reduced congestion and cleaner air.
TfL's strategic vision signals how it intends to navigate urban mobility challenges through the decade, representing a substantial commitment to evolving London's transport system for a growing, changing city.