Mayor announces over £1.6m for local transport improvements in the City of London

The funding has been allocated by Transport for London (TfL) through the Local Implementation Plan (LIP) process and is awarded to the borough to spend on projects that support the Mayor's Transport Strategy, including safer roads, smoothing traffic flow, rejuvenating town centres and better facilities for cycling and walking.

The £1.6m funding package in 2012/13 will finance a range of transport projects in the City of London, including:

• £562,000 for the City's 'Streets as Places Programme', to create more shared routes and public spaces and more accessible streets, as part of the Mayor of London's Better Streets agenda. Many of these will be delivered in the boundary streets in the far east and far west of the City
• £539,000 towards the £6.5m major scheme at Aldgate which will significantly transform the area with a simplified road layout, creating improved spaces, extended footways, more walking routes and simplified vehicle access. The scheme will also deliver improved and safer routes for cyclists

Mayor of London, Boris Johnson, said: 'London is undergoing a neo-Victorian level of investment in its transport network. 

'Every London borough is receiving money that will directly benefit communities, making London an even better place to live and work. 

'We've also cut bureaucracy to make it easier for the boroughs to decide how they want to spend their funding.'

The LIP funds hundreds of large and small scale transport projects every year. 

Last year in the City of London it financed 132 cycle parking spaces, cycle training for 101 children and 303 adults, 34 improved pedestrian crossings and 86 road safety education and training events.

Notable larger projects undertaken in the City of London this year include the Chancery Lane scheme which used £1.1m LIP funding to widen footways, pedestrianise side streets and de-cluttered the environment, making it a better place for all to enjoy.

London's Transport Commissioner, Peter Hendy, said: 'Year on year the boroughs continue to deliver innovative projects that support the Mayor's vision for transport in the Capital. 

'This investment will build on the excellent work that has already been achieved and complement the huge programme of work we at TfL are undertaking to make his vision a reality through working in partnership with the boroughs.'

The funding was previously forecast to reduce year on year to reflect the reduced general grant TfL receives from the Department for Transport. 

However, because of the importance of the boroughs in delivering the priorities of Mayor's Transport Strategy, the funding has been kept at a consistent level to 2013/14.

Notes to editors:

• Each borough produces a Local Implementation Plan (LIP) to demonstrate how they plan to implement the Mayor's Transport Strategy locally.  While Transport for London allocates funding for individual schemes, the LIP and delivery of individual projects is the responsibility of each borough
• A detailed breakdown of funding for bridge strengthening projects (£5.3m), which will be allocated to the bridges in most need of work will be announced in the New Year
• Total allocation by programme area: