You can still purchase tickets, including Travelcards, at 2013 prices until 18 January
Transport for London (TfL) is reminding customers that new fares for 2014 will come into effect on Sunday 19 January. Fares across TfL will rise by less than RPI on average – 2.7 per cent – this year and Travelcard fares will rise by 3.1 per cent (RPI) on average.
The delay to implementation of the new year fares is due to the timing of the Government’s announcement that rail fares would be set at RPI on average for 2014 and the need to implement a revised set of fares.
TfL has been able to hold fares down due to the huge £16bn programme of efficiencies and savings which support the billions of pounds of investment in transport infrastructure over the next ten years. TfL will continue to identify and make savings and efficiencies that will keep fares down as well as developing the commercial strategy to meet revenue targets.
The key elements of the 2014 fares package are:
• On the Tube, only three pay as you go fares, the Zone 1 peak and off-peak adult fares and the Zone 1-2 off-peak fare, will increase by 10p;
• All other Oyster pay as you go single fares for the Tube, DLR and London Overground will remain frozen at 2013 prices next year. Cash single fares, which are only used by around one per cent of Tube users, will increase by 20p;
• Oyster pay as you go caps frozen for the second year running to improve value for part time commuters, which is expected to benefit around 200,000 people a week;
• On the buses, the pay as you go fare on Oyster and contactless payment card increases 5p to £1.45 while the daily cap and cash fare is frozen;
• The 7 Day Bus & Tram Pass will increase by 60p to £20.20;
• The off-peak One Day paper Travelcard range will be simplified to the Zone 1-6 off-peak ticket only and it is frozen at 2013 prices. Anytime One Day paper Travelcards will rise in line with National Rail fares;
• 7 Day Travelcards, and corresponding monthly and annual Travelcards, will increase in line with inflation, reflecting the link with regulated National Rail fares;
• All free and concessionary travel for young, elderly and disabled Londoners, as well as Veterans and members of the Armed Forces, has been protected in full;
• Fares on the Emirates Air Line will increase by 10p except for multi-trip Oyster fares for regular users which will remain at £1.60.
January 14, 2014