Sam
TS Member
Calling all tube geeks!
This afternoon, the chancellor announced that the government is giving a £1 billion loan for the go-ahead of the extension of the Northern Line to Battersea Power Station.
This is part of huge changes for the Northern Line. It's being split into two totally separate lines, with interchanges at Camden Town and Kennington. This will help increase the number of trains that can run per hour on both lines.
The new expansion to Battersea will branch off from Kennington, continuing the Charing Cross branch of the Northern Line split.
Here's how the extension will look on a tube map:
What do you all make of this proposed extension, which is being funded by the developers of Battersea Power Station and partly by the new US Embassy?
This afternoon, the chancellor announced that the government is giving a £1 billion loan for the go-ahead of the extension of the Northern Line to Battersea Power Station.
This is part of huge changes for the Northern Line. It's being split into two totally separate lines, with interchanges at Camden Town and Kennington. This will help increase the number of trains that can run per hour on both lines.
The new expansion to Battersea will branch off from Kennington, continuing the Charing Cross branch of the Northern Line split.
Here's how the extension will look on a tube map:
Construction News said:£1bn UK Guarantee for Northern Line extension
5 December, 2012 | By Tom Fitzpatrick
George Osborne has said the government will contribute £1bn in the form of a UK Guarantee to the Northern Line extension to Battersea that would support development on a similar scale to the Olympic Park.
SP Setia and Sime Derby completed their purchase of the BPS site on 5 September for £400m.
The National Infrastructure Plan 2012 update says: “As one of the first projects to benefit from this scheme, the Government will provide a UK Guarantee to allow the Mayor of London to borrow £1 billion at a new preferential rate to support the Northern Line Extension to Battersea scheme, subject to due diligence and the agreement of a binding Funding and Development Agreement with developers, the Mayor of London and partner authorities during 2013.
“The Northern Line extension to Battersea is key to the redevelopment of Battersea Power Station and the regeneration of an historic part of London. Government intervention has the potential to enable an £8 billion investment at the Battersea Power Station site, supporting the wider redevelopment planned for Vauxhall, Nine Elms and Battersea, which could create up to 16,000 new homes and up to 25,000 new jobs.”
Mr Osborne said the schemes would help to create jobs and aid development.
What do you all make of this proposed extension, which is being funded by the developers of Battersea Power Station and partly by the new US Embassy?