The New Works Programme of 1935–1940 was the major investment programme delivered by the London Passenger Transport Board (LPTB), commonly known as London Transport, which had been created in 1933 to coordinate underground train, tram, trolleybus and bus services in the capital and the surrounding areas. The programme was to develop many aspects of the public transport services run by the LPTB and the suburban rail services of the Great Western Railway (GWR) and London and North Eastern Railway (LNER). The investment was largely backed by government assistance as well as by the issuing of financial bonds and was estimated to cost £42,286,000 in 1936[1] (approximately £3.63 billion today).[2]
- ^ LPTB submission to Parliament, Beard, Tony (2002). "The Post War Period". By Tube Beyond Edgware. Capital Transport. p. 118. ISBN 1-85414-246-1.
- ^ UK Retail Price Index inflation figures are based on data from Clark, Gregory (2017). "The Annual RPI and Average Earnings for Britain, 1209 to Present (New Series)". MeasuringWorth. Retrieved 7 May 2024.