The London congestion charge is set to get more expensive, after Transport for London (TfL) announced a 15 per cent price hike yesterday.
The increase, which comes into effect from June 16, will see the current cost of entering central London rise from £10 to £11.50. It is the first time the charge has gone up since 2011.
"These changes will ensure the congestion charge remains effective in managing congestion in central London."
Garrett Emmerson, TfL’s Chief Operating Officer for Surface Transport, said: “These changes will ensure the congestion charge remains effective in managing congestion in central London.
“We have listened to our customers and are making a number of changes to make paying the congestion charge and applying for discounts easier and simpler.”
Fleet drivers and those who use the auto pay system will be charged £10.50 a day, while changes to the payment system will allow motorists to pay by direct debit and apply for online discounts.
It is estimated that TfL will enjoy £82.7million in revenue from the congestion charge over the next five years, which will be spent on improvements to the transport network to keep the capital moving in the face of ever increasing competition for road space.
Since its introduction in 2003, the congestion charge has raised around £1.2billion, with the majority (£960m) spent on improving bus services, £102m spent on roads and bridges, £70m on road safety and £36m on sustainable transport.
May 29, 2014