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Roger


Almost 50 per cent of Tube journeys and 40 per cent of bus journeys are
made using Oyster, but the majority of those are season tickets. The Mayor
wants to build on the success of Oyster by encouraging more passengers to
use Oyster to pay as they go, rather than cash, to make journeys quicker
and
easier.

The new fares package proposes lower or frozen Oyster single fares and
daily
price caps, which is the amount you pay for a day's travel, however many
bus
and Tube trips you make.

* The Tube Zone 1 Oyster fare down from £1.70 to £1.50 and as the
equivalent
cash fare will be £3.00, this will be a saving of £1.50;
* The Tube Zones1-2 Oyster fare down from £2.10 to £2 from 7am to 7pm
Monday-Friday; and reduced by a quarter from £2.00 to £1.50 at other
times,
to encourage greater use at times where there is spare capacity;
* A single journey in Zones 2-6 will cost £1 on Oyster if you pay as you
go,
compared to £3 if you use cash;
* The bus and tram morning peak Oyster fare is frozen at £1; and at 80p at
all other times;
* All daily price caps for bus, Tube, DLR and tram travel are reduced or
frozen and are set at 50p less than 2006 adult One Day Travelcard prices;
* The maximum Oyster single fare that applies on the Tube and DLR outside
the hours of 7am to 7pm Monday-Friday is frozen at £2.
* Under 16s already travel free on buses and trams and from September
2006,
free bus and tram travel will be extended to under 18s in full time
education.
* Single cash fares will increase to support the drive to shift passengers
from cash to Oyster.
* Cash single fares rise to encourage the switch to Oyster. The minimum
Tube
cash fare rises to £3 and the cash single bus or tram fare to £1.50. The
adult single fare on DLR, except to/from Bank and Tower Gateway is £1.50.
The adult single fare is £3.00 for DLR journeys to/from Tower Gateway and
Bank;
* Travelcard fares increase on average by inflation plus one per cent.
Speaking at City Hall, the Mayor said:
"This proposed fares package focuses on halving the number of cash
journeys
made in 2006, to speed up journeys and improve the efficiency of the
network. The simple message is that you don't have to pay the new cash
fares
- switch to Oyster and pay as you go and you will save money as well as
time. I believe Londoners are astute enough to choose the best value fare
for their journey."

The cash single fare on buses and trams will increase from £1.20 to £1.50.
Oyster single fares are frozen at £1 in the morning peak and 80p at all
other times. The One Day Bus Pass will increase to £3.50 but the Oyster
price cap on buses will be frozen at £3. The weekly Bus Pass will increase
from £11.00 to £13.50.

There will be an extra 30 minutes early morning Oyster discount period
with
passengers now able to travel for 80p on Oyster until 7pm with the morning
peak on buses and trams running from 7am until 9.30am.

On the Tube, the Zone 1 single cash fare will increase from £2 to £3 but
the
Oyster fare will reduce from £1.70 to £1.50. The Zone 1-6 single cash fare
will be set at £4 compared to £3.80 today with the Oyster fare frozen at
£3.50. Outside Zone 1, the cheapest cash single fare will increase to £3
from £1.30 but the comparable Oyster fare will be reduced from £1.10 to
£1.

Travelcard prices will typically increase by around four per cent. For
example, the Zones 1-6 weekly Travelcard will increase from £39.50 to £41.
The Zone 1 Travelcard will be withdrawn, but the equivalent Oyster fare is
set at £1.50. Daily Oyster price caps for travel on buses and Tubes will
be
set 50p below the 2006 prices of the equivalent One Day Travelcards.

The maximum adult Oyster single fare on the Tube outside the hours of 7am
to
7pm Monday-Friday is frozen at £2, with discount Oyster fares applying
until
7am in 2006 rather than until 6.30am today.

The Family Travelcard will be withdrawn but a £1 Off-peak Child Travelcard
will be available for up to four under 16s accompanied by adult Travelcard
holders. The Child Off-peak Travelcard will be frozen at £2.

Child fares on the Tube will generally move to half adult fares, with new
child Oyster fares introduced. There will be a maximum child Oyster single
fare within Zones 1-6 of £1 at all times of day. The child daily price cap
for bus, Tube and DLR travel from 9.30am Monday-Fridays and all day at
weekends will also be £1.