Commuters are set to benefit from lower train fares next month.

Transport for London will extend its London Overground routes on the Liverpool Street line to Enfield Town and passes through Bush Hill Park, Edmonton Green and Silver Street.

The takeover on May 31, will see 80 per cent of pay as you go fares to fall with some cut by as much as 40 per cent.

Journeys on the line to Cheshunt, which travels through Turkey Street and Southbury Stations, will still be provided by Abellio Greater Anglia but will share the same TfL pay as you go fares.

Mayor of London Boris Johnson said: “This is fantastic news for commuters, who won’t just be benefitting from being part of the wonderfully efficient London Overground network, but for many of them their fares will be reduced as well.

“This is a clear demonstration of why it is a no brainer for TfL to be given more control of suburban rail services, enabling more people to reap the benefits of rail devolution.”

London Rail managing director Mike Brown said: “We are very pleased to take over responsibility for these routes into and out of Liverpool Street and, over time, look forward to improving the services for the passengers using them.

“Just as on London Underground, people will see staff at our stations at all times when trains are running - providing reassurance to the public as well as a turn up and go service for disabled customers.

“Passengers will also benefit from new fares which, in the most cases, will save them money, with Oyster and contactless payment continuing to provide the best value.”