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TfL Press announcement together with links to detailed pages here :-
http://www.tfl.gov.uk/corporate/media/newscentre/26143.aspx
http://www.tfl.gov.uk/corporate/media/newscentre/26143.aspx
Transport for London said:
Mayor sets out major plan for transport investment while keeping fares as low as possible with rise at one per cent above inflation for 2013
Mayor secures extra funding to keep fare rise RPI+1 per cent.
The Mayor of London, Boris Johnson, has set out a 2013 fares package that will help Transport for London (TfL) to continue and expand its major programme of investment in the capital's transport network, and provide the support required to boost jobs and economic growth in London.
The Mayor has secured an extra £96million of funding that will be used to keep next year's fares package lower than expected.
He confirmed today (7 November) that from 2 January 2013 fare increases on London's Tubes, buses, London Overground, Dockland's Light Railway (DLR) and trams will rise at one per cent above inflation overall.
It was also confirmed today that there will be increases to access fees for Barclays Cycle Hire in 2013.
An unprecedented investment in London's transport network is underway that is delivering faster, more frequent and reliable services for customers and supporting London and the UK's economic development and growth.
The Mayor also intends to expand that programme by making a significant investment in the capital's roads, increasing investment in cycling and cycle safety projects and ramping up work to improve the deep Tube lines. Further detail of those measures will be announced before the end of the year in TfL's new business plan
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