July 25, 2024


The business lovers

Flagship HS2 station under threat as Sadiq Khan shelves vital upgrades

An extension of the Docklands Light Railway is also at hazard, the report concluded.

Crossrail two, a proposed £40bn north-south line, and an extension of the Bakerloo tube line have presently been set on keep. 

Mr Khan had sought a £15.8bn extended-term funding deal to fix TfL’s finances and permit it to progress with a series of badly needed updates.

The authority, which is roughly two times as dependent on fare revenue as similar-sized towns overseas, was strike really hard by the pandemic. It has presently gained nearly £4bn of taxpayer handouts.

But the Government in its place offered £1.08bn to hold the Tube, trains and buses jogging right up until December. In return, Mr Khan agreed to assessment the feasibility of driverless Tube trains, raise fares and reduce prices.

A spokesman for Transport for London stated: “We carry on to operate with the Government on our extended term funding so we can plan proficiently for London’s long term. We are delivering transformative additions and enhancements throughout the transportation network, this sort of as finishing the Elizabeth line, the Northern Line Extension, the extension of London Overground to Barking Riverside, new signalling on the Circle, District, Hammersmith & Metropolis and Metropolitan lines, and the Financial institution Station Upgrade.

“Our Financial Sustainability Strategy, printed in January this calendar year, sets out what we want to supply and outlines how extended-term funding certainty will allow us to supply these economically and efficiently. Even so, the growth of new significant initiatives, which are important for decarbonisation, improving upon air high-quality and supporting new households and work opportunities, is reliant on the final result of discussions above our extended term funding.”