Transport for London (TfL) has published its draft Annual Report and Statement of Accounts for the year ending March 31, 2015.
In 2014/15, around half a billion more public transport journeys were made compared to five years ago, with over 30 million journeys per day on average. All parts of the TfL network are seeing growing demand.
Record numbers of people are using London’s buses. In 2014/15 there were nearly 2.4 billion passenger journeys – over half of all journeys in England – while customer satisfaction and service reliability remained at near-record levels.
Over the year, TfL has provided funding for over 500 extra buses, equivalent to an extra 2.9m journeys each week. An additional £200m was also confirmed for improving bus reliability. Routes have been extended in Haringey, Islington, Mitcham and Southwark. And more Night buses have been introduced to the popular night routes serving Shoreditch and Hackney.
The extra buses will also be used to improve transport connections to key growth areas, such as Barking Riverside and Elephant and Castle, providing high quality bus routes between new residential areas and local town centres.
In total, the capital investment made by TfL in the London network in 2014/15 stands at £3.58bn.
Transport Commissioner, Sir Peter Hendy CBE, said: “Demand for our services continues to grow with London’s success and we are committed to a relentless focus on improving the day-to-day reliability and safety of public transport and the road network.
“In addition, steady and sustained investment in the modernisation of London Underground, our roads and the delivery of Crossrail will provide vital new capacity. At the same time, we have taken 15% out of our cost base as part of our huge savings and efficiency programme.”
