Fare Increases

Meeting: 
MQT on 2009-11-18
Session date: 
November 18, 2009
Reference: 
2009/3340
Question By: 
Richard Barnbrook
Organisation: 
British National Party
Asked Of: 
The Mayor

Question

Has the staging of the 2012 Olympics been a contributing factor in the recent steep rises in Tube and bus fares for Londoners - bearing in mind the requirement to complete various public transport infrastructure projects prior to 20 12?

Answer

Answer for Fare Increases

Answer for Fare Increases

Answered By: 
The Mayor

As I said in my announcement on 15 October, the fare increases are needed to bring stability to TfL's financial position. Other factors are the collapse of Metronet and the fall in Tube and bus fares revenue caused by the recession.

The fare increases are not needed to finance the network improvements associated specifically with the Olympics which are currently being made. These projects will not only make staging the Olympics easier and help in their success but the projects will bring major benefits to Londoners which will continue long after the Olympics have finished.