New Works Programme
The "New Works Programme, 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(approximately £2.13 billion today).
Read more about New Works Programme: London Underground, Road Transport
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