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'Exciting future' for London Transport
Page 22
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• In a New Year message to staff, Sir Richard Way, chairman of the London Transport Executive stated that LT had plans aimed at "dramatically improving" the capital's public transport over the next 20 years. These plans, if adopted, and if the money is available, could cost up to £650m, including 125m for new buses, garages and bus control systems.
Sir Richard claimed that 1970 had been quite a good year for London Transport, and referred to the apprehension that many of the staff had about the transfer of responsibility for overall control and financial responsibility from the Ministry of Transport to the Greater London Council at the start of the year. "I said at the time that I thought the change could be good for us, and my experience so far has confirmed me in that view. The future is more important than the past and I believe that we have it in our power to give London Transport an exciting future," he remarked.
The chairman added that, as he had hoped, the GLC had shown every sign of recognizing the importance of investing money in London's public transport services. In 1971, for example, the GLC had plans for advancing £7.4m of the undertaking's proposed expenditure of £27m on capital projects.