The plan will run alongside his existing 2016-23 affordable homes programme which is being extended by one year due to the pandemic.
The funding has been allocated to ‘green’ projects which will help create up to 1,000 new jobs while cleaning up the capital’s air.
Sadiq Khan’s office say proceeding with the move will act as a catalyst” for the regeneration of Royal Docks.
A funding package worth up to £1.8bn will allow TfL to keep services running for the next 6 months.
Sadiq Khan has rejected Government demands that he extend the Congestion Charge zone to the North and South circular roads.