London commuters could face higher bills

Overseas Property | 4 Feb 2021

Transport for london is considering moving Canary Wharf station into Zone 1 as it seeks to repair Covid-decimated finances.

The Canary Wharf station is divided into Zone 1 from the original Zone 2 to increase the fare for reaching Canary Wharf station, Transport for London suggested in its latest financial report.

London mayor Sadiq Khan outlined measures to move the east London financial hub out of Zone 2, "reflecting change in London geography."

It is expected to increase the London Underground's revenue by 25 million (HK$265 million) in 2020/2021.

Khan said that as London has been in a state of intermittent lockdown and passenger capacity of public transport has been reduced, Transport for London is facing financial pressure and thus needs to find new ways to achieve a financial balance from payments.

"Public transport should be affordable to all, so I am pleased I was able to fight off even worse government proposals to scrap free travel for under 18s and concessions for over 60s as well as bigger fare increase," Khan added.

Transport for London also reached an agreement with the central government in October to allow a 2.6 percent increase in London's transport costs.

The financial report pointed out that the bus fare increased by five pence per trip to 1.55, and the daily transportation fee limit was increased from 15 pence to 4.65.

The subway fare from Zone 1 to Zone 6 will go up to 0.02 pounds and take effect on March 1. I It has been five years since London's transport fares were increased.



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