We propose one kind of improved QKD scheme based on time coding and phase coding. The pulse which had been discarded on the BB84 protocol phase coding QKD system is used to realize the time coding protocol, thus the useful bits rate in the present scheme can be doubled. At the same time, the phase coding keys and the time coding keys are obtained, we may combine both as new keys which can enhancethe generated rate and the sensitivity of monitor. At Bob’s side, a Fraday-Michelson is used instead of a traditional M-Z interferometer, which improves the stability of the interference visibility. With the proposed experimental setup, a stable quantum key distribution was performed over 90 km fiber. It is shown in our experiment that the characteristics of our system are as follows: secure, stable and economical.