Transport for London says it will be able to invest £1bn in frontline services, including introducing new trains on the Piccadilly line, after completing the sale and leaseback of its Elizabeth line trains.
As the largest delivery agency under the mayor’s control, TfL has been tasked with playing a major role in delivering on his manifesto pledge to boost the number of affordable homes available.
Local ‘micro-distribution’ centres are to be built on Transport for London land in a bid to boost the number of sustainable last mile deliveries made across the capital.
A City Hall briefing document warns that the lease is based on “an historic masterplan which is now no longer relevant”, and that the plots of land designated in it “don’t allow for easy decision-making.”
At Manor Park passengers will also benefit from a refurbished ticket hall, complete with new accessible ticket window, new ticket machines, automatic ticket gates and improved customer information screens.