London's transport schemes under threat

A £64m shortfall in Transport for London's (TfL) funds could mean many transport schemes could be shelved, according to the BBC today (Wednesday).

In an article on the BBC's website, London's transport body claims that the cash shortage was caused by lower than expected revenues from the congestion charge.

It told the BBC that the scheme's success at reducing traffic levels by about 20% has meant fewer drivers than expected are paying the £5-a-day charge.

TfL had expected to receive £130m a year from the congestion charge scheme - out of a total transport budget of more than £1.2bn.

Schemes believed to be under threat are the widening of the capital's North Circular route and a raft of road improvements and maintenance work.