Mayor's £9.2bn to keep transport projects on track

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Mayor Boris Johnson today announced a £9.2 billion budget for major schemes in the capital. Projects set to be undertaken include:

* Completion of the Jubilee line upgrade, delivering a 33 per cent increase in capacity to serve an extra 10,000 passengers an hour.

* The start of the redevelopment of Tottenham Court Road Tube station to provide additional capacity and serve Crossrail.

* The start of work on the new Isle of Dogs Crossrail station.

* Stepping up work to extend the East London line as part of London Overground and the DLR, in preparation for the 2012 Games.

* Works to deliver the Mayor's cycle hire scheme and the first cycle highways.

The Mayor, who chairs TfL, said: "We are committed to transforming our transport infrastructure and are investing billions to create a network that Londoners will recognise as vastly improved from the one we have now.

"We will continue to upgrade the Tube, build Crossrail, prepare for the 2012 Games and create the thousands of jobs so vital to steering us through this period of economic turbulence."

Mr Johnson also pledged to "smooth traffic flows" to get the most from the road system and continue investment in transport policing. However the need for major investment in projects such as Crossrail has meant some Tube station upgrades have had to be delayed.

TfL has also found that implementing work inherited from failed Tube maintenance company Metronet is costing £400 million more than first thought.

Plans will be ditched for the £40 million Greenwich Waterfront Transit and the £60million installation of lifts at Baker Street station has been delayed.