A Guildhall sub-committee has unanimously rejected the idea that tolls could be introduced for motorists crossing Blackfriars Bridge, Southwark Bridge and London Bridge.
Last week we reported on a suggestion in a document written by Steve Presland, the City's transportation & public realm director, that bridge tolls could be used as a measure to reduce traffic congestion in the Square Mile.
However, the idea failed to find favour at a Guildhall meeting on Tuesday.
"Following a short discussion at the streets and walkways sub-committee, the option of putting tolls on the City's bridges was unanimously opposed and will not be investigated further as a way of managing congestion in London," a spokesman for the City of London Corporation told the SE1 website.
The wider implications of charging for river crossings in Greater London as a whole will be considered by the London Assembly transport committee as part of its probe into congestion on the capital's roads.
For the latest local news and events direct to your inbox every Monday, you need our weekly email newsletter SE1 Direct.
7,000+ locals read it every week. Can you afford to miss out?
Read the latest issue before signing up