London is in line for another £10bn of transport investment over the next Parliament helping pay for a wider roll out of 24-hour Tube services to most lines and the Docklands Light Railway (DLR).
The announcement was made as part of the release of a six-point long-term economic plan for the capital outlined by chancellor George Osborne and mayor Boris Johnson this week.
Tube services will be 24-hour on Fridays and Saturdays from 12 September on Jubilee, Victoria and most of the Piccadilly, Central and Northern tube lines, under a modernisation programme that has been opposed by unions and also includes the closing of ticket offices.
An extension to the 24-hour Tube routes under the latest spending plans includes all night services on the London Overground in 2017, and the District, Circle, Metropolitan and Hammersmith & City lines once the Underground's controversial modernisation programme is complete.
The new 24-hour Overground route will cover the East London Line and support the Shoreditch area with services from Dalston Junction or Highbury and Islington to New Cross Gate, while the new DLR routes will integrate with the Tube services operating at the same time.
The DLR will offer 24 hour services from no later than 2021.
Transport for London (TfL) will also extend wi-fi to all below ground sections of the Tube by the end of the next parliament.
Mayor of London, Boris Johnson said: ‘Top of my agenda is support for hardworking Londoners and today’s confirmation of plans to stimulate new jobs, major improvements to our transport systems, the opening up of new sites for housing, and moves to improve skills are all huge wins for our city.
‘This will ensure London can thrive for decades to come, remain fit to spur the wider UK economy onto further success and primed to outperform our major competitors around the world.’
TfL will be asked to prioritise proposals for new infrastructure projects including Crossrail 2, the Bakerloo Line extension, Old Oak Common redevelopment, the next phase of Underground upgrades, Lower Thames Crossing and East London river crossings - with new decisions on spending to be taken later this year.
The cash will also help fund a TfL order, confirmed today, of 200 more new Routemasters this year and a committment to 800 new buses a year from next year onwards.
The Government will also set out a specific timetable to deliver the key elements of the plan over the five years of the next parliament, and the following decade.
Other key planks of the programme include building more than 400,000 new homes – including through a London Land Commission to identify and support development of brownfield and public sector land.
