TfL's forthcoming budget will assist in initiating a phased consultation process for the regeneration of Oxford Street, expected to unfold through 2026 and beyond.
City Hall's spokesperson detailed that the initial consultations on alternative bus routes are set to commence in early 2025, with subsequent phases planned for 2026.
The draft budget focuses on extensive investment in pedestrianizing Oxford Street and enhancing safety initiatives under the Vision Zero initiative, aiming to eliminate road deaths by 2041.
TfL Commissioner Andy Lord emphasized that while new funding will facilitate crucial updates like the Elizabeth line trains, the continuation depends on securing longer-term financial stability.
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