Transport for London (TfL) has today (Thursday, 28 January 2026) set out its new draft Business Plan - its "ambitious" programme for the future of London's transport network. 

The announcement builds on huge progress made over the last decade, from launching the Night Tube and the Superloop to delivering the Elizabeth line, more than quadrupling Cycleways and building the largest zero emission bus fleet in Western Europe. 

The new document, which covers TfL's plans and investment priorities to 2029/30, sets out how TfL will deliver transformational change to its services and improve the experience of its customers, drivers, cyclists and pedestrians in London.  

It also outlines how through continued investment it can make the city greener, create new high-quality jobs, deliver more affordable housing and boost economic growth across London. 

The commitments in the plan will support the Mayor's goal in building a fairer, safer, greener and more prosperous London for everyone.  

This includes supporting his plans to transform Oxford Street, and the delivery of new affordable housing and jobs with the recently confirmed proposals for DLR extension to Thamesmead via Beckton Riverside.  

The plan also continues to make the case for other growth schemes across London, including substantial upgrades to the city's bus network.

These will include an expansion of the Superloop scheme, improved connectivity across outer London, and the introduction of new bus priority measures and world-leading traffic signal technology to cut delays and improve reliability.  

Additionally, bus services will be expanded in outer London, with changes made to some central and inner-city services to align with fluctuating demand in those areas.

TfL also plans to invest in the next generation of bus shelters and improve real-time information for customers, in addition to electrifying its bus fleet. 

Around two thirds of buses are due to be zero emission by the end of the plan, and the whole fleet – which is the largest in Western Europe will be made zero-emission as quickly as possible after its conclusion. 

With additional collaboration and support from Government and the industry, these plans could be further accelerated. 

A new publicly owned bus company is also in the works, and it is hoped this could further support innovation, efficiency and accountability while simultaneously meeting the needs of passengers and the workforce. 

Away from bus improvements, major upgrades to the city's train and Tube network have been detailed. 

These include the Bakerloo Line Extension, which will bring Great Northern services from Moorgate to Stevenage and Hertford North into the Overground network, and the development of the West London Orbital - a new Overground route between Hounslow and Hendon via Old Oak Common which will utilise existing under-used freight lines. 

Northolt and Leyton stations will be transformed to allow them to provide step free access for the first time, and further efforts to upgrade Elephant & Castle Tube station have also been proposed. 

The nationally important South Kensington station is also scheduled for major improvements under the plan.  

Such work will ensure London takes several gigantic steps closer to the Mayor's aim of 50 per cent of Underground stations being made step free. 

Further sustained investment will include new signalling to improve journeys on the District and Metropolitan lines, the progression of plans for a new Bakerloo line fleet, new train fleets on the Piccadilly line and DLR, additional trains on the Elizabeth line, the complete refurbishment of the Central line fleet and the replacement of TfL's ageing tram fleet. 

Improvements to road infrastructure, which are designed to cut congestion and revolutionise how London's streets operate in the next five years, are also discussed in the plan. 

These will include delivering systems and infrastructure upgrades to optimise traffic flow, improving safety, and supporting sustainable travel, meaning that London will have the world's most advanced traffic management system by 2028.  

Subject to government support, TfL's pioneering Lane Rental scheme will also be expanded across London's boroughs to cut congestion and delays. 

Together, these measures will deliver significant benefits, such as reduced delays - and help keep London's roads moving.  

TfL will also deliver more Sustainable Drainage systems (SuDS) to support biodiversity while building resilience against extreme weather events, and will also invest to support clean and healthy waterways - protecting London's overburdened drainage system and rivers.

TfL said: "Cycling, meanwhile, has significantly increased in London over recent years, thanks to sustained infrastructure improvements which have delivered more than 430km of high-quality bike routes." 

Increasing numbers of Londoners now see cycling as a convenient and safe way to get around the city and TfL says it "wants to build on this momentum".  

Throughout the plan, investment in safer streets will continue to make life-saving changes on some of the capital's most dangerous roads and junctions.

In addition, TfL will invest in further improvements to the customer experience of Santander Cycles and consider its role in maximising the benefits that dockless e-bike rental offers to all Londoners.  

TfL will also invest more than £90m a year through the boroughs to make streets safer, deliver new bus priority schemes, expand the cycle network, increase cycle parking, and maintain roads and bridges. 

Safety, TFL says, remains its "absolute priority", and since 2019 London has made significant progress in improving safety across the road network, with the number of people killed or seriously injured at the lowest level on record outside of the pandemic years.  

TfL says it "will continue to work to eradicate death and serious injury from the transport network, publishing an updated Vision Zero Action Plan and forging ahead with new work to eliminate incidents on the roads, on the bus network, and at stations". 

To ensure they remain fit for purpose and continue to act as a deterrent to crime and anti-social behaviour including graffiti and fare evasion, investment will be made to modernise CCTV systems and safety cameras across the TfL network. 

Additionally, TfL will continue to build on recent improvements to how customers can report safety concerns when they use the network and further improve its website and digital tools, such as the TfL Go app, to make it easier for customers to plan their journeys across London. 

The draft plan concludes by setting out how TfL will be exploring how fare innovation and loyalty and reward schemes could deliver greater value for customers, while increasing ridership and revenue that can be reinvested back into improving public transport.

London's Transport Commissioner, Andy Lord, said: "Our new Business Plan is an ambitious programme for the future of London's transport network. We have achieved significant progress on the commitments previously made, and this plan lays out our vision for the transport network.

"This new plan sets out sustained investment in London's vital transport infrastructure, which will improve the experience for millions of Londoners and visitors. It will see us increase investment in the vital renewal of our critical assets like stations, lifts and escalators, track, roads, bridges and other infrastructure. We will also make more stations step-free, reduce delays on our buses and road network, and continue to improve safety for everyone using our services.

"Our investment will also support the wider London and UK economy, unlocking new homes and jobs through the delivery of new trains and infrastructure, reduced journey times and new innovations. Most importantly – this plan reflects the voices of our customers, businesses and colleagues, who have told us what is most important to them – services that are safe, accessible, frequent, reliable, green and as affordable as possible."

Mayor of London, Sadiq Khan, said: "I'm hugely proud of what we have achieved improving transport across London over the last 10 years – but we must never be complacent, so this plan sets out sustained investment to continue making it safer, greener and fairer for everyone. 

"I'm pushing forward with my proposals to transform Oxford Street into a pedestrian-friendly, world-class retail & leisure destination, as well as supporting the delivery of new affordable housing and jobs with the DLR extension to Beckton Riverside and Thamesmead, following Government backing in the Autumn Budget. We're also continuing our work to modernise the Tube, cut congestion and bus journey times, improve safety and accessibility across the transport network, invest in high-quality walking and cycling infrastructure and eliminate death and serious injury from London's roads. 

"We know that investing in our transport network not only supports jobs and economic growth in London but also benefits the whole UK, which is why I'll continue to make the positive case for longer-term projects that could transform the future of transport in the capital as we continue building a better London for all."

The draft Business Plan will be considered by the TfL Board on 4 February 2026. The draft document can be accessed here.