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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Mayor secures £500m borrowing for Tottenham housing

Haringey Council’s plans for the major regeneration of Tottenham received a major boost after the government agreed a £500 million borrowing guarantee for the programme.

The deal means the council, Greater London Authority and private sector could press ahead with financial security for its plans to transform the area, which include thousands of new homes and jobs as well as better transport links, leisure facilities and business workspace.

Today’s announcement also included an agreement that Transport for London will take over management of the West Anglia train routes through Tottenham, as well as the £90 million electrification of the London Overground line through South Tottenham Station.

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