See links below.
http://www.dft.gov.uk/press/speechesstatements/statements/draftlocaltransportbill

http://www.gnn.gov.uk/environment/fullDetail.asp?ReleaseID=286156&NewsAreaID=2&NavigatedFromDepartment=False

Quotes :

"Update existing powers so that where local areas wish to develop proposals for local road pricing schemes, they have the freedom and flexibility to do so in a way that best meets local needs. It is expected that any scheme would be part of a wider package of measures to address local congestion problems and the draft Bill would require that the proceeds from any local schemes are spent on local transport. The draft Bill would give local authorities the flexibility and powers to deliver a tailored transport system better suited to the needs of the local area. For instance local authorities could:

* Introduce 'quality contracts' schemes to specify bus networks, timetables and fares in their local areas and to let contracts to bus operators to run those services.

* Propose reforms to the existing responsibilities of Passenger Transport Authorities and district councils in major conurbations outside London to enable a more coherent integrated approach.

* Propose new Passenger Transport Authorities in areas where they do not currently exist, and changes to the boundaries of existing Authorities where it makes sense to do so."

"Two-thirds of public transport journeys are made by bus, so it is only right that this Bill focuses on how we improve bus services."