Boris welcomes TfL spending

Mayor of London Boris Johnson welcomed a big boost - a grant of £925 million in 2015/16 rising to just over £1 billion by 2020/21 on top of enhanced borrowing powers to fund transport in the capital.

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Government to commit £2m to support Crossrail 2

Chief Secretary to the Treasury Danny Alexander. Credit: PA Wire

The Chief Secretary to the Treasury has reaffirmed the Government's funding commitment to allow Network Rail to deliver the largest programme of rail investment since the Victorian-era.

Mr Alexander said from 2015 funding will be in place to begin work to electrify the line which connects Gospel Oak and Barking in London.

He added the Government was committing £2 million to support a funding and financing study into Crossrail 2.

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