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Bus and tube fares to rise as Crossrail is pushed back a year

PUBLISHED: 12:35 28 October 2010

The design for the Canary Wharf station has already been changed to cut costs

The design for the Canary Wharf station has already been changed to cut costs

Miller Hare Limited

Bus and tube fares are set to rise above inflation after the Mayor of London secured the future of the Crossrail project despite it being a year later than scheduled.

London mayor Boris Johnson is pictured during a conference for "One Young World", the World's largest gathering of Young Leaders, London on February 8, 2010. Young leaders from nearly all 192 nations gathered in London to discuss global issues. AFP PHOTO/Carl de Souza (Photo credit should read CARL DE SOUZA/AFP/Getty Images)

Tickets on the capital’s buses and tubes will rise by 2 per cent above inflation in January, with similar increases expected until 2015.

As a result, bus users travelling with an Oyster pre-pay card will see single fares rise by 10 pence to £1.30. On the tube, the cost of a weekly travelcard for central London will rise by £1.80 to £27.60.

This comes after Mayor of London Boris Johnson secured funding for the £15.9billion Crossrail project, which will link Heathrow to Canary Wharf, with stations at Abbey Wood and 
Woolwich.

But the 72-mile fast link route is due to be 
completed later than expected in 2018, saving approximately £1billion in construction costs.

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