London to get Bakerloo Line extension and Euston upgrade in devolution push
London mayor Sir Sadiq Khan will be handed powers to deliver the Bakerloo Line extension and a huge upgrade to Euston station as part of the government’s push for devolution, City AM can reveal. Under new plans to allow mayors to retain income tax receipts generated locally and exploit finance schemes to fund infrastructure, Khan [...]
London's mayor, Sir Sadiq Khan, is set to receive powers to complete the Bakerloo Line extension and a significant upgrade to Euston station as part of the government's push for devolution, according to City AM. The development, which includes the extension of the Bakerloo Line from Elephant and Castle to Lewisham, will also see the creation of new stations at New Cross Gate, Burgess Park, and Old Kent Road.
Additionally, the West London Orbital project, involving the construction of four new London Overground stations between Hounslow and Hendon, is also in the pipeline. The mayor's explorations about cross-Channel train services running from Stratford station, potentially turning it into an international hub, have also caught the attention of the government.
The government's decision to permit mayors to retain a larger share of income tax receipts and utilize finance schemes will ensure the funding needed to initiate these projects. Estimates suggest that this new devolution transfer, seen as a "biggest transfer of power out of Whitehall in a generation," will provide Khan with an extra £10bn in borrowing capability to fund his ambitious transport plans.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
