The cash was allocated in response to the local implementation plans submitted by each of the 32 boroughs.
Mr Johnson said: “Boroughs will have the flexibility to shift LIPs funds between projects, receiving funding towards overall programmes rather than individual projects.”
In addition, each borough will receive £100,000 to spend on any transport related scheme.
Camden got the largest grant – £6.5 million – which will be used to deliver widened footways, new crossing points and parking facilities for bikes and motorcycles. Brent, Croydon, Ealing, Harrow, Richmond and Sutton each received more than £5 million.
A total of £29.8 million will be spent on road safety projects across the capital and Westminster has received £2.3 million towards the regeneration of Leicester Square.
In south London, pedestrian access to the UK’s busiest train station, Clapham Junction, will be improved.