Piccadilly Line: Capital Investment
The question
To ask the Secretary of State for Transport, what discussions she has had with the Mayor of London on the potential impact of the cost of the Piccadilly Line renovation on TfL's finances.
Answered by Simon Lightwood
Government announced a £2.2bn investment over the next four years for TfL at the Spending Review. This multi-year settlement marks the largest Government capital contribution to London's transport infrastructure in over a decade and is in addition to £485m delivered at the Budget in 2024.
As transport in London is devolved to the Mayor of London, it is for him and TfL to assess the merits and financial impacts of capital projects and make decisions on investment including upgrades to the Piccadilly Line.
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