Transport savings for Londoners… Take a look
Mayor of London, Sadiq Khan has confirmed transport fares for Londoners will be frozen at its current rate until 2020.
The new fares mean that Londoners looking to pay for transport via a bus or tram for example won’t pay a penny more than 2016 for the next four years. The new transport for London (TfL) fares also include the tube, DLR, Emirates Airline and rail services where TfL fares apply. The Santander cycles will also be frozen.
The news comes after a TfL package for 2017 was released today.
The London Mayor told The Evening Standard: “After years of huge fare increases for London passengers, I’m delighted to be formally announcing our plans to freeze TfL fares across London’s transport network.
“Before taking office I was determined to ensure we took significant action to make public transport more affordable and we’ve already taken major steps through the introduction of the ‘Hopper’ ticket that in just two months has saved Londoners money on over 10m bus journeys.”
The fare freeze will help an average household save £200 over the next four years.
Back in May, credit ratings agency Moody’s suggested that plans to freeze fares would be “credit negative” for TfL.