242.The special position of London as the capital and the largest city in Great Britain has given rise to the development of separate statutory codes for London in respect of transport.   This Part of the Act makes further provision as to transport in London and adapts much of that legislation to the new governmental structure, in some cases repealing and re-enacting it with modifications.  The Mayor’s transport policy is to be embodied in a strategy.  A new body called “Transport for London” is set up under the direct control of the Mayor and will, in due course, subsume the role of LRT, combining it with responsibilities relating to roads, traffic regulation, water transport and the licensing of taxis and private hire vehicles.
Commentary on Sections Part Iv: Transport