TfL pushes ahead with east London cable car plans

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Transport for London (TfL) is seeking third party funding for its east London cable car scheme, planned to link the Greenwich Peninsula with the Royal Docks which would cut journey time between the O2 Arena and Excel London.The scheme, originally reported by EN in July, would potentially give pedestrians and cyclists a fast and regular service across the river, as well as supporting growth and regeneration in the area, requires private financing as TfL's funds are committed to other projects such as the Tube upgrades and Crossrail. TfL hopes to build the transit system in time for 2012, as both the O2 and Excel are included as Olympic 2012 venues. The Greenwich station would be located just a few hundred metres from the O2.In addition to transportation, TfL believes the cable cars would serve as a major London attraction, rising 85 metres above the ground and providing views of one the fastest developing areas of the capital. “A cable car would be a unique addition to the capital’s transport network, providing spectacular views of London’s skyline while providing a much needed boost to river crossings in the east of the city,” said the mayor’s transport advisor, Kulveer Ranger.TfL has confirmed the cable cars will be integrated into London’s Oyster travel card, with single fares forecast at £2.50 for Oyster pay-as-you-go users, and £3.50 for those without.
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