Mayor of London Boris Johnson said the 10 year transport plan would boost the capital's economy.
"As sure as night follows day investment in transport drives economic activity and investment in the capital benefits the entire country.
"In this Business Plan we are setting out a comprehensive programme of improvements with the aims of providing both hugely better services for Londoners and also to drive the economic motor of this great city and encourage new development."
More top news
As Christians communities prepare to mark Holy Week, find out the true meaning behind the Easter story and how each day will be celebrated.
More than 200 people are expected at London's first Muslim Youth Festival which will look at stopping the radicalisation of young Britons.
A report by a London university has found that chief police officers use "predatory" behaviour towards junior staff.