Transport for LondonTransport Commissioner renews contract
The Commissioner's salary, with effect from 1 January 2005 will be £318,000 per year, along with the potential for an additional bonus up to a maximum of £285,000 per year, dependent on delivering continued improvements to public transport in the capital.Since his appointment in 2001, the Commissioner has overseen:
- a dramatic increase and improvement in bus services;
- an unprecedented number of people shifting from car use to public transport;
- the integration of London Underground into TfL;
- the successful introduction of the world's largest congestion charging scheme;
- a groundbreaking agreement with Government for a 5-year Investment Programme, ending decades of uncertainty over funding; and the first issue of bonds on London's financial markets to secure investment for transport improvements.
