He said that LIP had been protected despite a reduction in Transport for London’s funding from central government.
The funding will be used by the boroughs for small-scale projects that improve traffic movement and promote cycling. Transport projects to benefit from the funding include:
- Nearly £7m to remove the Aldgate gyratory
- £750,000 for local road safety measures ahead of the opening of Barking & Dagenham's Riverview Secondary School in September
- £250,000 for a cycle route on the Lea Valley Road
- £320,000 to plant trees in Walthamstow town centre to mitigate the impact of vehicle emissions
- £500,000 for continued improvement works of the Grand Union Canal to increase cycling alongside the canal.
Construction contracts will be allocated through the London Highways Alliance Contracts (LoHAC) framework.
London transport commissioner Sir Peter Hendy said: “This money will have a great impact at a local level, delivering hundreds of projects that will make a real difference to the daily lives of local people and boosting local economies.”
LIP projects underway and completed in 2013/14 include:
- a £2.1m road improvement project on Tolworth Broadway in the Royal Borough of Kingston-upon-Thames, completed in November 2013
- a £3.5m project in Bexleyheath, including a new roundabout on Albion Road to slow approaching traffic
- a £450,000 scheme for Van Gough Walk in Lambeth to create a new public space
- £358,000 for the creation of segregated cycle paths on Royal College Street in Camden
- £2.5m for public realm improvements in Hornchurch.