Incredible new £5.2bn London Underground line will get main replace | UK | News | EUROtoday

A serious extension of the London Underground might be one step nearer to turning into a actuality as funding is feasible subsequent yr.

The proposed enlargement of the Bakerloo line southwards to Lewisham from Elephant and Castle has been within the offing for years.

But Transport for London (TfL) officers and Sadiq Khan, who’s the authority’s Chair, have stated that additional cash is required to get it over the road.

Now, it has emerged that bosses might get funding as early as spring of subsequent yr, the Local Democracy Reporting Service (LDRS) reviews.

A senior TfL official, talking on the launch of a brand new business-led marketing campaign to increase the road to Hayes, Bromley, by way of Lewisham, stated that the Government’s deal with housing growth means the possibility of money being provided has improved.

Alex Williams, TfL’s chief buyer and technique officer, additionally informed attendees that there are ‘peaks and troughs’ in planning any main rail challenge.

He stated: “It feels to me, in that peaks and troughs thing, that it’s on the way up, that there’s some good planets aligning to make sure that we are going to proceed with the scheme.”

Mr Williams added: “But to get it over the line, we absolutely do need business support for that, and that coalition of the private and public sector.”

Based on 2021 figures, it’s thought that the challenge might price between £5.2 billion and £8.7 billion.

Sadiq Khan has stated previously that the Bakerloo line’s trains, that are the oldest nonetheless being operated on the Tube, would must be changed earlier than the route is prolonged.

It is known that TfL plans to request funding from the Chancellor of the Exchequer, Rachel Reeves’ ‘complete spending evaluation’, which is ready to be launched within the spring.

In October, Ms Reeves introduced that the Government would change its self-imposed debt guidelines as a way to unencumber billions for infrastructure spending.