1. ITV Report

How the Spending Review affects your local transport

Used train tickets from journeys on British railways. Photo: Tim Goode/EMPICS Entertainment

The Government is making the right long-term choices for Britain, Danny Alexander said today as he set out plans to boost economic growth through a series of major infrastructure projects.

Making a statement to the House of Commons he said he would commit £5.8 billion in capital grant and a further £3.8 billion of borrowing power between 2015-16 and 2020-21 to Transport for London.

. Credit: HM Treasury

Here is what the Spending Review could mean to you:

  • Crossrail 2 examining funding and financing options
  • Upgrades to Piccadilly and Bakerloo lines
  • Gospel Oak and Barking electrification
  • High Speed 2
  • Thameslink upgrade
  • Improvements to London Waterloo station
  • Increased capacity across London, including at London Bridge, Victoria and St Pancras Stations
  • Rebuilding of 46 schools in poor condition as part of the Priority School Building Programme
  • £160 million for decent homes, mainly in London.