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
Famous quotes containing the words works and/or programme:
“When life has been well spent, age is a loss of what it can well spare,—muscular strength, organic instincts, gross bulk, and works that belong to these. But the central wisdom, which was old in infancy, is young in fourscore years, and dropping off obstructions, leaves in happy subjects the mind purified and wise.”
—Ralph Waldo Emerson (1803–1882)
“The idealist’s programme of political or economic reform may be impracticable, absurd, demonstrably ridiculous; but it can never be successfully opposed merely by pointing out that this is the case. A negative opposition cannot be wholly effectual: there must be a competing idealism; something must be offered that is not only less objectionable but more desirable.”
—Charles Horton Cooley (1864–1929)