Date Published 30 October 2010

Bus & Tube fares are set to rise above inflation after the Mayor of London secured the future of the Crossrail project despite it being a year later than scheduled.

Tickets on the capital`s buses & tubes will rise by 2% above inflation in January, with similar increases expected until 2015.

As a result, bus users travelling with an Oyster pre - pay card will see single fares rise by 10 pence to £1.30. On the tube, the cost of a weekly travelcard for Central London will rise by £1.80 to £27.60.

This comes after Mayor of London Boris Johnson secured funding for the £15.9 billion Crossrail project, which will link Heathrow to Canary Wharf, with stations at Abbey Wood & Woolwich.

But the 72 - mile fast link route is due to be completed later than expected in 2018, saving approximately £1 billion in construction costs.