TfL: bus costs more 'because of higher specification'

Libary picture. Credit: Reuters, Luke MacGregor.

The new routemaster-style buses will cost £354,500 each.

But Transport for London claims that the final contract, signed with manufacturer Wrightbus, has saved millions of pounds for the taxpayer.

They say the contract "includes a competitive, fixed price deal for the vehicles - removing the risk and uncertainty of higher production and material costs, and inflation over the next four years".

TfL says the price is "broadly comparable with a standard hybrid double deck bus", with the difference "accounted for by the much higher specification of the new bus compared to a standard hybrid bus".

They also claim that the new bus is "the greenest diesel electric hybrid bus in the world".

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Boris visits bus factory

Boris Johnson is travelling to Northern Ireland today to officially open a production line for the new routemaster-style buses.