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Transport for London

Big savings in 2006 by switching from cash for single journeys to Oyster

28 December 2005

Passengers can reap big savings by switching from cash single fares to Oyster for cheaper and frozen single fares and daily price caps from 2 January next year.

By switching to Oyster customers can really save on travel next year

The new fares package is designed to encourage people to switch from cash to Oyster which is helping cut queues at Tube stations and speed up buses.

Travelcard fares

Travelcard fares will increase on average by inflation plus one per cent on Oyster and on the old-style paper ticket.

Jay Walder, Managing Director of Finance and Planning at TfL said: "Nearly half of passengers who pay cash fares to travel on London's buses, Tubes, DLR and tram are on their way to work.

"By switching to Oyster these customers can really save on travel next year.

"An Oyster card can be re-used for several years, plus it can be topped up online or over the phone, so there's no need to queue for tickets.

"The simple message is customers can spend more time and money enjoying what London has to offer by switching to Oyster."

Jace Tyrrell, of New West End Company, said: "The cheaper single fares, along with the convenience of Oyster means Londoners can spend more time enjoying the world-class events, attractions and restaurants and, most importantly, shopping in the West End - all of which make London the most vibrant city in the world.

"Londoners know that one of the most efficient means of travel is by public transport and, with these savings on single and capped fares, Oyster is the best way to pay."

For passengers making several journeys on London's buses, Tubes, tram or DLR, pay as you go remains the best value.

The Oyster card 'caps' the all-day fare at 50p less than the equivalent day Travelcard price.

For all-day travel on buses and trams, the fare is capped at £3, 50p cheaper than the cash equivalent.

For-all day travel on the Tubes, DLR and tram, the cap varies depending on mode travelled on, zones travelled in and time of journey.

Free travel on buses and trams continues for under-16s next year and Oyster pay as you go offers great value for travel young people on the Tube and DLR.

The fares increase will help continue the progress of TfL's 5-Year Investment Programme, the once-in-a-generation opportunity to borrow nearly £3bn to invest in London's transport.

The new fares come into effect on 2 January 2006.

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