Thursday, November 6, 2008
Cost-cutting TfL axes seven infrastructure projects
Seven major infrastructure projects will be cut as Transport for London (TfL) tries to save £2.4bn to pump back into the Tube. Construction of a new Thames Gateway Bridge, extensions to Croydon’s Tramlink and the mythical Oxford Street tram will all go in favour of increasing capacity on the tube by 30%. Unveiling TfL’s 10 year business plan, London mayor Boris Johnson said the projects, all of which are still in design stages, were not being “scrapped” but “let go” because they lacked funding for completion. “I have not nicked, axed or whacked any scheme,” he said. “I just won’t continue to waste our money, and taxpayer’s money, on consultants and planners [working]… on schemes [that are] either impractical or that simply do not have enough funding.