Fifty projects costing £4bn are to be implemented in a bid to improve London’s roads and streets, under plans funded by the Transport for London under its business Plan and by third party contributions, TfL says today.

The plans for the city’s road network have been confirmed as a result of recommendations made by the Mayor’s Roads Task Force, and include plans to overhaul 33 road junctions identiified as problematic, while over £200m will be spent on work designed to reduce congestion and delays, and improvements to address road safety and upgrades, including at Croydon Fiveways;  Euston Road; London Road roundabout; Barking Riverside; and Victoria Circus.

The redevelopment of the northern roundabout at Elephant and Castle, to support one of London’s biggest regeneration projects is also included, in a project that aims to improve facilities for road users and local residents, while providing dedicated cycling facilities, with work scheduled to start early in 2015.

Boris Johnson, the Mayor of London, commented: “Smarter design of our roads and public spaces, exemplified by our radical plans for Elephant & Castle, will play a key role in ensuring that London remains the best big city to live, work and invest.”