Metro gets two new stations with opening of Northern Line extension Business

The pair have been embroiled in a long dispute over funding for the London transport agency.

When asked if he was satisfied that TfL was managing its finances properly, Mr Shapps said he “should make, and had to make, some very tough decisions in order to make sure the finances pile up. .

“The government has invested, I think, so far, £ 4.1 billion. We’re going to have more conversations with them. We wanted to make sure it’s responsible and fair to the rest of the country.”

The extension of the Northern Line is expected to increase house prices in the region by more than a fifth over the next four years, analysts predict.

The new tube stations are the first since the opening of Heathow Terminal 5 and Wood Lane in 2008 and follow the extension of the Jubilee line which opened in 1999.

They will help increase home values ​​in Nine Elms, Vauxhall and Battersea by nearly a quarter over the next four years, according to real estate consultants JLL.

The new infrastructure will support 20,000 homes under construction as part of the Battersea and Nine Elms Power Plant Regeneration Project. The redeveloped plant will open to the public next year.

Battersea once supplied one-fifth of London’s electricity, but was neglected for decades after it was decommissioned in 1983.

In May, the Grade II-listed power plant finally welcomed its first residents after construction delays caused some buyers to withdraw from property purchase agreements.

Simon Murphy, CEO of Battersea Power Station Development Company, said: “Improving transport links and connectivity to this area of ​​London has been fundamental to development from the very beginning. “

More about this article: Read More
This notice was published: 2021-09-20 13:24:10

Leave a Reply

Your email address will not be published. Required fields are marked *