Bus and tube fares to rise as Crossrail is pushed back a year
PUBLISHED: 12:35 28 October 2010
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.
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.