6.6 C
London
Saturday, May 15, 2021

Dft announce funding is agreed for Crossrail Woolwich ‘Station Box’

Agreement has been reached to build a new ‘station box’ on the Crossrail line through Woolwich, Transport Secretary Philip Hammond has announced today.

The station box, which could be converted into a complete station in the future, will be privately funded by developer Berkeley Homes under an agreement with the Department for Transport, Transport for London, Crossrail Ltd and Greenwich Council.

Philip Hammond said: “A Crossrail station in Woolwich would make travel to the centre of London quicker and easier and would help bring new investment to the area. I am pleased that we have secured this site for a future station and have reached an agreement to build the ‘box’ for the station at no extra cost to the taxpayer, bringing the benefits of a station in Woolwich a step closer.

“This is an excellent deal for the taxpayer and shows our commitment to deliver the ambitious Crossrail project while maximising value for money.

“Crossrail will mean 1.5million more people will be within a 45 minute journey of London’s business centres; it will boost the economy and generate thousands of new jobs.”

Rob Holden, Chief Executive, Crossrail said: “I’m delighted that the legacy of Crossrail investment has been secured at Woolwich. Crossrail will transform journeys across the capital, particularly from south east London. Construction work on the new station box will get underway shortly.”

Rob Perrins of Berkeley Homes said: “This is an exciting project and Berkeley is looking forward to working in partnership with Crossrail in the delivery of a major new transport system for London and, in particular, in providing the Station Box at Woolwich.

“Berkeley has always been totally committed to having a Crossrail station within its flagship development at the Royal Arsenal and it is hoped that with the Partners signing the contracts for the Station Box today that this will now become a reality.

“Berkeley is delighted that its financial strength has enabled it to make a substantial investment in the Royal Arsenal station having now acquired the remaining land from the LDA and secured a planning consent for another 3700 homes and a significant area of commercial space to complete the regeneration of this important part of London.

“However, there is still much to do to raise funds to ensure the Station Box is fully fitted out as an operational station at no net cost to the public purse. I have every hope that this can be achieved.”

In 2007, outline agreement was reached with Berkeley Homes under which they would build the basic box structure of a station at Woolwich and then construct their own development overhead. The final agreement now reached means this is now a firm and practical commitment ensuring the construction of the Woolwich station box at no additional cost to the taxpayer above the current cost of Crossrail.

The new station will be beneficial for passengers using Crossrail, as well as for residents of the Woolwich area.

The station box at Woolwich would need to be fitted out before it is brought into full operational status – this will be conditional on developers and local businesses making sufficient contributions to pay for the cost of fitting out the station.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Rail News

SLC’s Head of Project Development awarded ICE Fellowship

Congratulations to SLC’s Head of Project Development, Paul McQuade, who has been elected as a Fellow of the Institution...

More like this...