Tube and rail fares in London will increase by 4.6% from March 2 next year, the capital’s mayor Sadiq Khan has announced.
The Labour mayor said he was told by ministers that such a rise was necessary to secure “funding for key transport projects”.
The hike in fares matches the increase in regulated train fares on England’s mainline railway.
Wherever possible I've made TfL fares more affordable and fairer
TfL’s daily caps will rise by between 40p and 70p depending on what zones are travelled through.
Bus and tram fares in London will be frozen at £1.75 for unlimited journeys within an hour.
Mr Khan said: “Londoners know from my record that wherever possible I’ve made TfL fares more affordable and fairer for Londoners – whether through the introduction of the Hopper bus fare or freezing TfL fares for five years as mayor.
“I’m really pleased to announce that I’ll be freezing bus and tram fares yet again next year, making it the sixth time since 2016.
“More Londoners use the bus than any other form of public transport, and it will particularly benefit those on the lowest incomes.
“Following the Government’s Budget, ministers made clear that to secure national funding for key transport projects in the future, TfL Tube and rail fares would need to increase in line with national rail fares.
“Vital national Government funding will allow us to progress exciting future projects, such as Superloop 2 and more upgrades to the Tube network, as we continue building a fairer, safer and greener London for everyone.”
TfL chief customer and strategy officer Alex Williams said: “This fares package aims to keep fares as affordable as possible while supporting London’s continued economic growth.”
