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."
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Donald Trump is to visit the UK on July 13 and hold bilateral talks with Theresa May, Britain's ambassador to the US has said.
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The most hotly-tipped date is July 13, following the Nato summit which the president is due to attend in Brussels on the previous days.